Star Paper Mills Looks good .
Buy @ 250.
Target 1000-1500 in 2-3 year
rounding bottom after 4 year of consolidation makes it perfect stock for long term holding.
swing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
Buy STAR PAPER MILLS if Sustains above 192 on Closing Basis...
Most probably to Breakout Soon...
Currently Showing Good Volumes Also..
Medium term Targets will be 223/236
Long Term Target will be 280/300
Hi
Star paper has given a breakout on monthly levels.
Previous month high of 170 is broken this month and currently trading well above it around 177.40.
Monthly Rsi is above 50.
Monthly MACD is above zero line and has given breakout.
We can have a SL of 147 and can look at the targets of 230 and 300 in coming months.
Jumped 19% on Friday - biggest single-day rise since Sept. 6, backed by surge in volumes (highest since Nov. 30).
Created bull marubozu on daily
5-, 10-day MA bull cross
MACD bullish turn
Bull RSI div and break above 50
Trade strategy: Buy on dips as long as 10MA trending north, for target of $146 with stops as per individual risk appetite.
