We have a breakout from parallel channel. Set up looks good
10% Profit over a month expected
Target : 180, 165 Duration : 20 to 30 Days
JK 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.
It 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...
JKPAPER looks good on daily & weekly chart also can buy CMP 162 Target 180, 195 ++
BUY 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 .
Observations: 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 got bounced from support line, buy it for a tgt of 92, 94+ in 1 week of time frame
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.