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venkatesangurusamy12

Emami Paper Mills 25% Upside potential

Long
EMAMI PAPER MILLS LTD (NSE:EMAMIPAP)  
venkatesangurusamy12  
NSE:EMAMIPAP   EMAMI PAPER MILLS LTD
Trend Analysis Chart Patterns positional swingtrading
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trendanalysis chartpattern positional swingtrading
Emami paper mills has taken a support at 157 and bouncing back from those levels in daily time frame. It has also shown reversal trend with 4% upward move with a high of 169. Based on support and trendline pattern analysis a potential upward move of 25 % is on cards with an initial target of 210.

CMP : 164
Target : 210 (First target)
Stop loss : 155

1:5 risk reward set up.


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