GOODLUCK TARGET MENTION BLUE LINE
ENTRY LINE ARROW
GOODLUCK!
DOWN TRENDLINE IS 1DAY TRANDLINE
ONLY FOR BIG CAPITAL , SMALL CAPITAL NOT ALLOWED INCLUDE ME!
Seems an interesting break out....still available at a price first reached 5 years back !
P.S. This is not a reco to buy but shared for review & observation from fellow expert chartists
THIS IS MY POINT OF VIEW THAT THIS STOCK WILL DO BETTER PERFORMANCE IN UPCOMING DAYS (NOT TO FORGET THE STOCK HAS GIVEN A 16 YEAR BREAKOUTWITH HIGH VOLUME 5.6TIMES )
I CAN BE WRONG ALSO SO DO YOUR HOMEWORK
(THIS IS FOR EDUCATIONAL PURPOSE AND A RECOMMENDATION)
it is showing strength wrt NIFTY, and it has also broken a year long trendline which was honored several times. a minor pullback would be good for a long trade.
The stock has been consolidating for some time now. And also created a clear triangle pattern if broken can give an amazing momentum.
These are the levels:
Buy above 240.55
Sell below 238
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late...
SHREE CEMENT BULLISH 10% UPSIDE POSSIBLE IN COMING DAYS
SYMMETRICAL TRIANGLE PATTERN IS OBSERVED , WITH RSI SUPPORT INDICATOR
BULLISH WITH UPSIDE TARGET
tgt1=22700
tgt2=23000
tgt3= 23200
keep close watch
feedback always welcome
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