JK Paper broke out of a declining channel on 17th Jan 22.
Post that there was a throwback, after which it has made a fresh 55-day high
This signals a resumption of the primary trend
Targets will be 285 - 342 - 378
Stoplosses to be set as per risk appetite. I recommend using 2x ATR multiple
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DISCLAIMER: I am not a SEBI registered investment advisor.
This content is for educational purposes only.
Invest capital at your own risk only after doing your own due diligence
*********************************************************************************************
Post that there was a throwback, after which it has made a fresh 55-day high
This signals a resumption of the primary trend
- Chaikin Oscillator is also above zero and pointing up
- Bollinger Bands beginning to expand outward
- Daily RSI at ~67
- Recent MACD +ve Crossover on Daily charts
Targets will be 285 - 342 - 378
Stoplosses to be set as per risk appetite. I recommend using 2x ATR multiple
*********************************************************************************************
DISCLAIMER: I am not a SEBI registered investment advisor.
This content is for educational purposes only.
Invest capital at your own risk only after doing your own due diligence
*********************************************************************************************
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.