Raghulramdoss

Long in Orient Paper

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NSE:ORIENTPPR   ORIENT PAPER & IND
This scrip is in an uptrend since COVID crash and it is being traded between the channel pattern. Now it had rejected from the channel's resistance and bouncing back from the monthly Fibonacci Pivot as well as 21SMA. Volume Contraction with fall in price too indicate reversal.
Swing traders may consider this scrip to long with SL below the Pivot level or previous swing high based on their risk appetite and may have initial target of channel's resistance.

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