ORIENT PAPER – Weekly Breakout in Progress | ₹42 Reversal Target

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Orient Paper ORIENTPPR is showing signs of a trend reversal on the weekly chart after months of consolidation. Price has broken out above a critical resistance near ₹29.50, signaling the start of a new bullish phase.

A strong base was formed in the ₹22–26 zone, with increasing volume near the bottom, suggesting accumulation. The breakout from the triangle pattern indicates a potential mid-to-long-term rally.

Entry Zones:

Entry 1: ₹27.96 – ₹29.52 (early breakout)

Breakout Entry: Above ₹31.50 (confirmation entry on resistance break)

Targets:

Target 1: ₹33.35

Resistance Zone: ₹35.34 – ₹37.23

Final Target / Reversal Point: ₹42.00

Invalidation Level:
If the price breaks below ₹26.87 and fails to hold the trendline support, bearish pressure could drag it to ₹24.42, and if breached, further downside to ₹22.23 or even ₹20.38 is possible.

Trade Plan:

Buy Range: ₹27.96 to ₹31.50

Stop Loss: Below ₹26.87 (tight) or ₹24.42 (swing)

Targets: ₹33 → ₹37 → ₹42

Timeframe: Positional / Weekly

Structure: Reversal + Breakout Continuation

This trade idea aligns with a long-term trend reversal, strong bullish breakout, and Fibonacci extension targets. Volume confirmation will be key for higher targets.

Disclaimer:
This analysis is for educational purposes only. Please consult your financial advisor and manage risk carefully before entering or exiting any trade.
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