PAPER INDUSTRIES MAY GIVE RALLY

JK PAPER: Currently this is trapped in rectangular pattern consolidation. The upper ceiling stands to be at 253 and lower support is 218. It has been range bound with in this range. Recently it is testing 220*4 HRS Moving average. Previously the up move came after it tested 220*4 HRS Moving average. And hopefully we will see a good up move from now onwards, the SL remains to be at below 218 on closing basis.

SESHAPAPER:

This stock is taking support at 200 DMA and in bullish continuation pattern. Fundamentals are even good.

RUCHIRA:

Ruchira Papers is the stock I am having a lot of expectation. Currently It is taking Resistance as support. Respecting the 200 DMA as well.I am bullish about this stock also.

Analysis & Chart by - ADARSH DEY