Seshasayee Paper - Breaking Weekly Congestion

17 באפר׳ 2022

Sesha Paper managed to clear a very strong weekly resistance (~195) and closed above it this week. The stock has managed to close at a 6+ month weekly high with impressive volumes (esp on the daily chart). In my view, upside momentum should continue in the short term atleast and the stock is a great trading buy.

Buy Seshasayee Paper at CMP
SL: 194 DCB
TGT: 227-269 (refer the chart)