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.
CMP : 164
Target : 210 (First target)
Stop loss : 155
1:5 risk reward set up.