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
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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
*********************************************************************************************