Westcost paper seems breaking out.It looks like a good short term breakout. My idea is to exit at the 2nd leg.
WSTCSTPAPR trade ideas
#WSTCSTPAPR - Nice retest of the breakout parallel channel#WSTCSTPAPR
Nice retest of the breakout parallel channel.
If this retest holds as support, I think price can bounce nicely in coming day/ weeks.
Weekly Stoch RSI also crossing bullish!
Expecting 20-30% move minimum.
#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/-
WSTCSTPAPRAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation
West Coast Paper Mills LtdTARGETS AND STOPLOSS IN CHART
Market Cap
₹ 3,664 Cr.
Stock P/E
3.62
Book Value
₹ 390
Dividend Yield
1.80 %
ROCE
61.8 %
ROE
44.8 %
Face Value
₹ 2.00
Promoter holding
56.5 %
EPS last year
₹ 143
EPS latest quarter
₹ 37.2
Debt
₹ 231 Cr.
Pledged percentage
0.00 %
Net CF
₹ 9.93 Cr.
Price to Cash Flow
2.96
Free Cash Flow
₹ 1,077 Cr.
Debt to equity
0.09
OPM last year
33.5 %
OPM 5Year
24.5 %
Reserves
₹ 2,565 Cr.
Price to book value
1.42
Int Coverage
43.4
PEG Ratio
0.11
Price to Sales
0.74
Market Cap to Sales
0.74
West Coast Paper is prepare for upmove Currently in consolidation stage .
Entry at 470 to 480
St at 453 Rs
6 months target 890Rs
It will start breakout from end of July and then again it will fly.
NSE westcoast paperyear long rectangle break out , attempting a trade purely based on chart pattern , resistance and support .
WEST COAST PAPER MILLS LONG After a year, a weekly as well as daily breakout with decent volume sprut has been clearly visible on this stock. It can move to 800 levels in short term.
its purely based on my and my mentor's technical analysis. it is for educational purpose, not a recommendation , so do your own research before investing.
Best Breakout by West coast paper Buy west coast paper @ 660-670
For target 1 -690
Target 2 -720
Time frame 1 week
WEST COAST PAPER WEST COAST PAPER (1D)
CMP 501.30
Stock is in Continuous down trend
Given breakout of falling trendline
Can give good Returns for Short Term
One can trade for Swing trade
West Coast paper looking good West Coast paper looking good with increasing volume above 507
Sl 455
NOTE: POSTS HERE ARE BASED ON MY RESEARCH AND ARE FOR EDUCATIONAL PURPOSES ONLY.
PLEASE CONSULT YOUR FINANCIAL ADVISOR
BEFORE BUYING OR SELLING.
Strongly RejectedHi @bhikhu65
As of now looking in downtrend Made a Double Top and fell from there Price gets retraced and find its rejection Zone/Supply Zone , Rest I can see one gap is there and made support and resistance for you bigger picture will clear above and below only.
123 reversal setup is a basic on-chart formation, that warns about upcoming trend reversal.
Setup
The 123-chart pattern is a three-wave formation, where every move reaches a pivot point. This is where the name of the pattern comes from, the 1-2-3 pivot points.
Rest you can read about 1-2-3 Reversal pattern strategy, you will get Clear Picture.
All the best.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
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.
Westcoast paper limited, At support can bounce backWest coast paper limited has given returns in few previous days and given breakout, but after retest failed to bounce back,
Right now it is taking support on trendline, if bounce back with volume, we can see good returns
WSTCST Paper CMP 638. Cup and holder pattern breakout on on Daily chart . Keep an eye for the target of 680/735. SL below 570
WEST COAST PAPER MILLS WEST COAST PAPER MILLS - A fine rounding bottom breakout.
Look at how the price is distributed deep in the bottom.
Expecting a good breakout here.
WSTCSTPAPR NSE BULLISHVIEW ABOVE 389 CMP 399WSTCSTPAPR NSE is bullish if 389 holds. NEW 52WEEK High. Fresh Breakout. Positive Trend.
Disclaimer: Educational Purpose Only. Not Buy Sell Reco. Not Sebi Registered.
West Coast Paper - Paper ShortageAnother paper stock which seems super strong and primed for its net move.
Long above 370 with a fresh breakout into a new high stoploss 345.
A paper Stock which can give 40-50% gainsWestcost 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+
Long setup at West Coast Paper MillThe 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. Kindly do your own due diligence and/or consult investment advisor before making any investment/trading decisions
