Weekly huge volume breakout and low volume retestWeekly huge volume breakout and low volume retest
wait for the pennant breakout and retest for entry
JKPAPER trade ideas
#BreakoutRelative Strength Positive
WEEKLY RSI bouncing from 60
Daily Price breakout from short term consolidation
Disclaimer: Educational view
Ascending triangle BOJK paper broke out of the triangle with very good volumes...climbed 13% today
CMP - 200
Target 1 -216
Target 2 - 260 ( this is a small cap and one should e very careful when trading them. Small positions and SL are key. Thus is an idea.
JK PAPERIt has taken out March High and looks to head ahead.
With stop loss of 167 it can be taken for targets of 189-194.
************************************************************************************************************************************************
Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
***********************************************************************************************************************************************
Daily chart Break Out JKPAPER looks good on daily & weekly chart also can buy CMP 162
Target 180, 195 ++
SIGNALS FOR BUYING JKPAPERBUY AFTER CLOSING DAILY CANDLE ABOVE 132.
SL AND TARGETS ARE MENTIONED ON CHARTS
Stock didn't fall even during fall of the market which shows strong bullish signal.
it is consolidating in tight range from long time
Buying time is after the breakout of this box .
JK Paper Channel BreakoutObservations:
1. High Volume in last 2 Days
2. Channel Breakout
3. Price has taken support over 200 EMA
Entry :
30% at Current price and 70% at 115
Stop loss: 104
Target: 127 to 129
JK paper looks bullish JK paper got bounced from support line, buy it for a tgt of 92, 94+ in 1 week of time frame
#JKPAPER #BANKNIFTY #NIFTY #NSE #BSE #TRADING #COVID19 #BTCUSD JK PAPER LTD.
#JKPAPER
CMP: 100.8
Target 1: 106
Target 2: 116
SL: 94
Strong entry
BULLISH TRIANGLE J K PAPER ONE OF LEADING PAPER MANUFACTURE COMPANY IN INDIA , AS PER NEWS FROM MEDIA GOVT . LIKELY IMPOSE TO DUMPING DUTY ON PAPER IMPORTED FRO CHINA TO SAVE INDUSTRY AROUND 25% , ONE CAN LONG FROM SL GIVEN IN CHART FOR TGT SET IN CHART .
BULLISH TRIANGLEJ K PAPER ONE OF LEADING PAPER MANUFACTURE COMPANY IN INDIA , AS PER NEWS FROM MEDIA GOVT. LIKELY IMPOSE TO DUMPING DUTY ON PAPER IMPORTED FRO CHINA TO SAVE INDUSTRY AROUND 25% , ONE CAN LONG FROM SL GIVEN IN CHART FOR TGT SET IN CHART .
JK Paper TrackingResistance(Red) and support(Green) trend line to be followed and long/short above these levels. Resistance above red trend line at 109/119 levels.
JK Paper - at important levelsThe highlighted area serves as a strong resistance if it crosses that then 185+ target can be achieved (obviously not in straight line). Chances are it might reverse also, because one red candle has been developed near the resistance area of the 150-155 band.
JK Paper - Possible ReversalStrong stock in strong sector, fallen continuously on weekly and now formed a DOJI at the support levels. Possible Reversal candidate
