📌 **Stock:** JK Paper Ltd
🕒 **Timeframe:** Daily Chart
📈 **Pattern:** Price breakout above 200-DMA with volume confirmation
JK Paper has shown a strong bullish breakout above the 200-DMA for the first time in months. The breakout candle is supported by a sharp rise in volume. RSI is also trending above 60, indicating strong bullish momentum.
📍 **Entry Zone:** Above ₹396
🔻 **Support Levels:** ₹360 / ₹320
🎯 **Trade Plan:**
If the stock sustains above ₹396, we can expect further upside. Traders may look for a retest near the breakout level before fresh entry. Risk management is crucial.
⚠️ **Disclaimer:**
I am not a SEBI registered advisor. This analysis is shared only for educational and informational purposes. Please do your own research or consult a certified professional before making investment decisions.
🕒 **Timeframe:** Daily Chart
📈 **Pattern:** Price breakout above 200-DMA with volume confirmation
JK Paper has shown a strong bullish breakout above the 200-DMA for the first time in months. The breakout candle is supported by a sharp rise in volume. RSI is also trending above 60, indicating strong bullish momentum.
📍 **Entry Zone:** Above ₹396
🔻 **Support Levels:** ₹360 / ₹320
🎯 **Trade Plan:**
If the stock sustains above ₹396, we can expect further upside. Traders may look for a retest near the breakout level before fresh entry. Risk management is crucial.
⚠️ **Disclaimer:**
I am not a SEBI registered advisor. This analysis is shared only for educational and informational purposes. Please do your own research or consult a certified professional before making investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.