JK PAPER Reclaiming Resistance Around 465
✅ The stock has rebounded strongly from the support zone near 400 and is now trading at 465, approaching a key resistance level. A breakout above 470 could lead to a rally toward 520-550.
✅ The 100 EMA and 200 EMA are providing strong support, reflecting a continuation of the bullish trend. The RSI at 53 indicates moderate momentum, with room for further upside.
✅ Volume has picked up during the recent rebound, signaling increased buying interest. Watch for a breakout above 470 with strong volume for confirmation of a bullish continuation.
✅ The 100 EMA and 200 EMA are providing strong support, reflecting a continuation of the bullish trend. The RSI at 53 indicates moderate momentum, with room for further upside.
✅ Volume has picked up during the recent rebound, signaling increased buying interest. Watch for a breakout above 470 with strong volume for confirmation of a bullish continuation.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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