BREAKOUT IN WESTCOAST PAPER MILL-- EDUCATIONAL PUROPOSEWest Coast Paper Mills LimitedNSE:WSTCSTPAPRmgvirus1West Coast Paper Mills Ltd is one of the oldest and the largest producers of paper for printing, writing, and packaging in India. Established in 1955, the Mill is located at Dandeli in Uttara Kannada district in Karnataka. The global quality paper produced by the Company serves the needs of innumerable industries in printing, writing, publishing, stationary, notebooks and packaging sectors in India, in the process contributing to the development of the nation. Breakout is seen above previous resistance level 2 weeks ago. Stock re tested the breakout level last week and again this week decisive closing is seen above breakout level. We can expect this move to continue as there is clear higher top higher bottom formation. Long position can be initiated on little correction till 629 level TARGET : 1618 (149%) (FIBO) STOP LOSS : 600 ON WEEKLY CLOSING BASIS (-8%) RR RATIO : 1:19.3 TIME HORIZON : 7 YEARS (TILL 2033) ONLY FOR INVESTMENT PURPOSE , NOT FOR SHORT TERM TRADING