Westcoastpaper
#WSTCSTPAPR / West Coast Paper Mills looks ready for 40% move#WSTCSTPAPR / West Coast Paper Mills Ltd
Looks amazing at current levels. Paper stocks were in focus few months back and should be back in focus soon I believe.
Technical and Fundamentals of these stocks are good. Stock was in consolidation mode for 1 year before the breakout and now retesting previous ATH levels.
I'll be looking to buy this on Monday as soon as market opens.
CMP: ₹674.70/-
West Coast Paper | Descending TriangleThe stock is trading in between a descending triangle like formation.
Expecting price to drop till 470.
As of now, I don't find any opportunity and will look to initiate buys only at 470 support area.
In case if you are holding the stock, you may keep holding till 470.
If weekly closes below 470, it would be better to exit the stock.