JKPAPER trade ideas
JK Paper in the Buying ZoneJK Paper is in the buying zone after 2020 fall. Divergence in the buying zone is fairly noticeable.
I will buy 1% of my capital (Rs 10,0000) for a longterm view.
Buy Price: 321
Qty 31
Horizon 1-2 years
SL - Will only protect profits at a later stage
Disclaimer: Please do not follow my trades blindly. This is not a financial advise
JKPAPERThe ema is showing a clear divergence.
it is the best place to place some trades because here we get a very little stop loss and if anything happens it's a little risk with high reward ratio.
technical is looking good from the levels of 335 it can turn out to be a swing trade.
#this is not an investment or trading advice do your own analysis first we can be wrong. it's your hard-earned money.
JK PAPER Conditional Buy IdeaAs per my analysis, NSE:JKPAPER is trying give a pullback. My idea is to take buy entry at 329-330 when any 15min will closed above level of 328.75. Stop will be 318 (-11 Points Risk). My expected upside target would be 344 (+15) & 354 (+25).
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
JK Paper Ltd.*JK Paper Ltd.*
Flag & Pole Formation: Montly Basis
Rouding Bottom Formation: Weekly / Monthly Basis
Strong Volume Consolidation / Price BO to be Watched
*With Increase in Price, Trail Stop Loss*
*Book Profit as per Your Risk Appetite*
*Fundamentally Sound & Improving*
Reopening of offices, educational institutions and courts will lead to regularization of demand.
Strong Q3-FY22 Results: Recovery in the paper segment and growth in Production and Sales volume coupled with higher realisation.
Commercial production of the new Packaging Board Plant at Unit CPM, Gujarat, has commenced in Jan'22.
Revenue / Profitability Improving - Qtrly (Since Jun'21)/Yrly Basis. Moderate Leverage / Improving WC Cycle. Dividend Paying Co. FII stake decline in last 2 Qtrs.
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ and is Respected.
Happy Investing :)
JKPaper Looks good for positional trade.Aim for 5-8%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 5-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
Take trade if all conditions meet at the end of the day 3:15-3:30 PM.
If you have any questions or suggestions, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Buy JK PaperJK 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
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
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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
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