On daily chart AP Paper has given breakout from Cup and Handle as well as Flag pattern with much higher volume than average daily trading volume which is a bullish sign. Stock is in bullish trend in short and long term as it is trading well above its important key moving averages like 20, 50, 100 and 200 DMAs.
Stock can be bought at CMP with target of 350 and stop loss at 305.
CMP - 319.65 as on 13/7/12.
