Westcost Paper is forming a basing pattern after long consolidation . The break out above 286-300 can see big move in stock add dips around 255-275 tgt 350/400+
The paper sector should do well going forward. The price action also indicates towards accumulation. The chart could bounce towards 300, if break it can also touch 350. The stop loss is 215.
Disclaimer: The stock/index/currency discussed do not constitute Investment/trading advise and is merely an effort towards enhancing learning, knowledge and book keeping....
I would Buy West Coast Paper for a target of 417 Final target in Twelve - Eighteen months timeframe, My short term 258 in a week time and breaking that could take it to 336 in 6months and 417 in a year to 18months my sl for short term players is 235 and in worst case 202 - This is not a recommendation to buy this but it is my long term view as per the charts
We see WSTCSTPAPR bounce back from its strong support ie., 170. This may reach 183 soon where it will consolidate based on the market situations. If the market situation is good it will reach 193 very soon...
