📌 **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.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.