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Showing posts from October 12, 2016

Tamil Nadu Newsprint & Papers Limited

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Paper stocks fancy and momentum , we are seeing in the last three to four months.  But TNPL momentum started last year  and here  posted one year before itself  and now target met.
When this stock met our target, few of other stocks in this sector, just started  its momentum. Found the Starting Edge  and Target Edge of this stocks. But not to post here.
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TNPL  (379.25) - Posted on 16th July 2015, when it was trading at 178 and said as 
 Target and last  HURDLE 190--210
But above that 
ULTIMATE UPSIDE TARGET 360--380

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After this above post, several weeks it took support at 175 
and last Friday made high 384.
that means, more than doubled but it took more than a year. 
**** weekly chart