Rachit_Sethia

#STARCEMENT CMP114.60 #Target 126.75 #Cement #Industrial #Nifty

Long
NSE:STARCEMENT   STAR CEMENT LTD
Daily Chart
#STARCEMENT
NSE: STARCEMENT
Short Term Quick Profit
CMP 114.60
Target : 126.75
SL : 109
Timeframe < 30 Days
Can hold for longer time



ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections and then higher highs again.

Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.

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With 💚 from Rachit Sethia

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