ORIENTPPR Multiyear Breakout !!Multiyear Breakout.
Good Volume seen.
Above all Key EMA.
Good for Short Term.
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Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
ORIENTPPR trade ideas
ORIENTPPR BREAK OUT FROM CONSOLIDATION, PERFECT OPPURTUNITY**this is not a buying recommendation and is for educational purposes**
the price is consolidating in a price range for almost a year now but theres a big green break out candle which proposes an indication towards the upside for almost 7-11%
ORIENTPPR Orient Paper All time high breakout after 6 yearsOrient paper is showing strength by entering into all time high levels. The price movement is supported by volume which is most important. The price has consolidated nicely in the zone of 35-50 levels for almost 1 year now. This consolidation near all time high level zone gives additional confidence and price getting support and is ready to move higher. The moving averages are nicely aligned indicating trend.
Paper stocks are showing strength which is good sign for gaining additional confidence.
Based on the Fibonacci levels 65 and 90 are the levels where some profit booking can be seen.
based on the height of the base formed for last 6 years levels of 75 can be seen.
In all 65, 75, 90 are the levels as targets and
Stop loss based on appetite can be below 42 on weekly closing basis
Enjoy the move and hope you are making most of it by learning how the momentum stocks show strength :)
Happy trading and have a nice profitable week ahead ;)
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ORIENT PAPER ready?Here are some of my analysis that I have attached in this post. As we can see, the year long support is very strong. The stock as also seen a trend line break, with a gap - the gap was filled this Wednesday and Thursday (due to the sell off) and now it seems to be getting ready for momentum. Volume has been building up and a move is likely to occur soon. Furthermore, a Head and Shoulder pattern is starting to form. The target is placed, one can enter now with me or wait for another support rebound for a a possible entry later down the line. NSE:ORIENTPPR
Orient Paper & Industries LTD - Double Digit + Just a View 📊 Script: ORIENTPPR (ORIENT PAPER & INDUSTRIES LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500
📊 Sector: Commodities - Forest Materials
📊 Industry: Paper & Paper Products
Key highlights: 💡⚡
📈 Script is trading near at its support level which is around 30 which was previously working as resistance level.
📈 script may bounce back from its support level keep an eye on it.
📈 if it start moving upward first target will be 35 , Always maintain your Risk & Reward Ratio.
⏱️ C.M.P 📑💰- 31
🟢 Target 🎯🏆 - 35
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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ORIENT PAPER : IN MULTI TIME FRAME WHAT NEXT ?Hey, guys welcome back again with some new idea sorry I am stuck in some work so I am not uploading any idea from few days.
I am just finding out some cheap stocks nowadays for holding and gives some good return within a week. orient paper is One of them you can buy around 20-21 for good profit I can expect it to reach 32-35 level within a month or week
Weekly time frame
Thanks