JKPAPER Long Idea
JKPAPER looks forming Inverted H&S. Currently in right shoulder.
Pros
Good Risk:Reward pick.
Cons: It broke down parellel Channel which might be a downtrend in Daily chart atleast. So StopLoss to be followed.
Be Cautious:
Broader market is not participating in recent upside of market. So follow stock specific stoplosses.
Pros
Good Risk:Reward pick.
Cons: It broke down parellel Channel which might be a downtrend in Daily chart atleast. So StopLoss to be followed.
Be Cautious:
Broader market is not participating in recent upside of market. So follow stock specific stoplosses.
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