Seshasayee Paper Board - Short Term Idea, 25-30% ROI.
The stock is in strong uptrend in all larger time frames. Poised for a daily breakout - part of Monthly reversal.
Monthly - Strong buying candle seen in September, which could not be defeated by sellers in Oct and Nov and Dec shows a hammer, which is a sign of reversal. All being inside candles.
One can enter at current market price and hold for target of 530 in the short term.
For swing immediate 10% upside is seen, target at 415-420.
Monthly - Strong buying candle seen in September, which could not be defeated by sellers in Oct and Nov and Dec shows a hammer, which is a sign of reversal. All being inside candles.
One can enter at current market price and hold for target of 530 in the short term.
For swing immediate 10% upside is seen, target at 415-420.
Comment:
Stock has started moving up.Up by 5%.