ORIENT CEMENT just made a W pattern on RSI and some big acceleration is on the way for the target of 296-373-430-480-545
NOTE: I'm not a SEBI REG. Study before investing.
📊 Chart Analysis Overview
The technical chart of STARCEMENT presents a fascinating tale of consistent trading patterns that can intrigue both novice and seasoned traders. By deciphering these patterns, we can unearth potential trading opportunities. Here's a deep dive into the stock's behaviour on the chart:
🚀 Key Observations from STARCEMENT's Chart
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The Channel Breakout technique is a simple, robust trading method made famous by the Turtles Traders. It's a profitable pattern favoured by many great traders and money managers. Like the Moving Average Breakout method, the Channel Breakout attempts to catch the early trend.
#ACC
ACC on multiple time frames.
Monthly breakout done on july 2021
Stock retested breakout on weekly charts.
RSI above 50 on all three timeframes.
Stock in accumulation right now.
#vr
As you can see in this chart, in the previous time stock has made w pattern & given the breakout.
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Now stock is at the same position, if Stock goes 189.8, you can buy this trade for the target of 195.
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SWING TRADE
Stock is respecting its support and resistance level.
Stock can be seen in a bullish move.
We can see that stock gave a retracement till 0.236 fibo level and a good bounce can be seen from there.
We can expect 8000 as a easy target by looking at the stock move.
Do your own analysis before entering and you have any idea please tell me in the comments
ACC
Sell - Below 2300
Sl - 2325
Target - 2245 2200 2135
In Intraday ACC can be bought also.
Buy- Above 2345
Sl - 2320
Target - 2400 2450
I have shared an idea to book longs in ACC. Now, Time to short it.
Stock Oscillates between 700-800 level. Now it took support at 20MA and has high demand zone at 700.
*IMPORTANT LEVELS to WATCH*
ENTRY @ CMP
SL @ 700
Target @ 800
Demand Zone @ 700
Good Luck Investors❗
- GokulHari
India Cements (NSE Cash)
CMP - 168.60
Support - 165 & 158 levels (always consider 10% +/-)
Resistance - 180 & 186 levels
Weekly Charts (Long Term)
20, 50 & 100 DEMA is perfectly aligned
Candles have been taking support at 20 DEMA since 4 weeks now. This means that the 20 DEMA level will not be broken easily.
Clear Uptrend
MACD is in the bullish zone but there is...
