STARPAPER trade ideas
Star Paper - Long term breakoutHi
Star paper has given a breakout on monthly levels.
Previous month high of 170 is broken this month and currently trading well above it around 177.40.
Monthly Rsi is above 50.
Monthly MACD is above zero line and has given breakout.
We can have a SL of 147 and can look at the targets of 230 and 300 in coming months.
Star Paper: Good to buy dipsJumped 19% on Friday - biggest single-day rise since Sept. 6, backed by surge in volumes (highest since Nov. 30).
Created bull marubozu on daily
5-, 10-day MA bull cross
MACD bullish turn
Bull RSI div and break above 50
Trade strategy: Buy on dips as long as 10MA trending north, for target of $146 with stops as per individual risk appetite.