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.
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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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。