BUY at CMP 96 TGT 100/103 SL 93.5 returns 4-6%
JK PAPER LTD. #JKPAPER CMP: 100.8 Target 1: 106 Target 2: 116 SL: 94 Strong entry
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 .
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 .
Resistance(Red) and support(Green) trend line to be followed and long/short above these levels. Resistance above red trend line at 109/119 levels.
Looking very good for long position. have updates the entry , target & stop loss. #DYOR
can jk break 150 level? low volumes does not mean so, what do u say?
The 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.
Strong stock in strong sector, fallen continuously on weekly and now formed a DOJI at the support levels. Possible Reversal candidate
As can be seen the current price action has been been very steep. One can wait for throwback to add for a positional call. All indicators are in favor for a long position.
JK Tyre: CMP: 148.90 Heading towards 182.