Andhra Paper Ltd upto 10X potential (Long Term)Entire paper industry is undervalued as of now, most are available at 40-50% below their intrinsic values.
Andhra Paper chart looks most bullish with upto 10X ROI in 2-3 years.
As per conventional TA, price broke out of trendline resistance and moving higher after retesting it as trendline support (Neon Green Line).
As per wave theory, price has formed 1-2, 1-2 pattern suggesting the 3rd wave can be extended upto 6300-6600 levels.
Other targets are highlighted according to your investment horizon.
Do your own due diligence before taking any action.
Peace!!
ANDHRAPAP
#HUHTAMAKI #STARPAPER #ANDHRAPAP #JKPAPER #ASTRON #ITC ballarpur#HUHTAMAKI
NSE: HUHTAMAKI
CMP: 220
TP: 285
SL: 185
TF: <6m
RR ~ 2 times
Return > 27%
ORIENTPPR STARPAPER ANDHRAPAP JKPAPER BALKRISHNA WSTCSTPAPR BALLARPUR ITC GENUSPAPER PDMJEPAPER RUCHIRA MALUPAPER EMAMIPAP ASTRON
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
ANDHRA PAPER LIMITED + Rounding Top + Just a View📊 Script: ANDHRAPAP (ANDHRA PAPER LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: N/A
📊 Sector: Commodities Forest Materials
📊 Industry: Paper & Paper Products
Key highlights: 💡⚡
📈 Script is trading near its support level which is around 410 mention is chart.
📈 if script is able to break its support level then one can short script.
📈 Short below 410 only.
SHORT BELOW/entry below 410
⏱️ C.M.P 📑💰- 413
🟢 Target 🎯🏆 - 357
⚠️ Stoploss ☠️🚫 - 440
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy Navaratri 🕉️ 💃🏻🕺🏻
Happy learning with trading. Cheers!🥂
