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JK Paper

Discussion in 'Technical Analysis' started by bnnarayana, Jun 18, 2017.

  1. bnnarayana

    bnnarayana Contributor

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    JK Paper has strong support at 98.75 and Resistance at 110, if the resistance is broken the target price is 115. May I request technical experts on this forum to give their opinion.

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    bnnarayana, Jun 18, 2017
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  2. bnnarayana

    bnnarayana Contributor

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    bnnarayana, Jun 18, 2017
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  3. shabbir

    shabbir Administrator Staff Member

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    I see a support of 100 and it is out and the next support is at 93 which looks like will be tested. Once the support holds, we can look for the entry with target.
     
    shabbir, Jun 19, 2017
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  4. bnnarayana

    bnnarayana Contributor

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    bnnarayana, Jun 19, 2017
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  5. shabbir

    shabbir Administrator Staff Member

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    shabbir, Jun 20, 2017
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  6. Suresh_Sinha

    Suresh_Sinha Active Member

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    Buying in the leg up I guess
     
    Suresh_Sinha, Jun 25, 2017
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  7. bnnarayana

    bnnarayana Contributor

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    Dear Shabbir.
    GM, As indicated by you JK Paper( CMP is 92.50),
    Support of 93 is not holding, should we wait for next support of 87- 86 or should we take call now.
    Please advise.

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    bnnarayana, Jun 27, 2017
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  8. shabbir

    shabbir Administrator Staff Member

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    Always. If you want to go long in the fall, always wait for the support to held and see which one holds. If 87 doesn't then see whats the next support and see if it holds.

    If you are already long and your stop was the support of 93, you are now stopped out of the trade. Don't make your stop go down.
     
    shabbir, Jun 27, 2017
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  9. bnnarayana

    bnnarayana Contributor

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    bnnarayana, Jun 27, 2017
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