Seshasayee Paper-Bullish on Techno Fundamentals numbers
Seshasayee Paper is :
-trading with good volumes on the bourses.
-presently trading at its 50 days Moving Average
-positive divergence on the oscillators
-in the accumulation phase at present
-standing right at the support level on higher time frames.
-reached a lifetime high of INR 421.75 on 12/Sep/2023 and a lifetime low of INR 2.41 on 17/Jul/2001.
-has a net worth of INR 1,771 Cr.
-The market cap is INR 2,283.11 Cr and has a market cap rank of 4 within the paper sector.
I believe that the initial target price should be INR 420-425
The second target price shall be INR 527-530
Stop Loss should be INR 321.00
Risk to Reward will be 1:4
The time horizon should be 12-18 months
-trading with good volumes on the bourses.
-presently trading at its 50 days Moving Average
-positive divergence on the oscillators
-in the accumulation phase at present
-standing right at the support level on higher time frames.
-reached a lifetime high of INR 421.75 on 12/Sep/2023 and a lifetime low of INR 2.41 on 17/Jul/2001.
-has a net worth of INR 1,771 Cr.
-The market cap is INR 2,283.11 Cr and has a market cap rank of 4 within the paper sector.
I believe that the initial target price should be INR 420-425
The second target price shall be INR 527-530
Stop Loss should be INR 321.00
Risk to Reward will be 1:4
The time horizon should be 12-18 months
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