SAGAR CEMENTS - UPTO 38% RETURNS!!!BUY - SAGAR CEMENTS
CMP - Rs. 199
Target - 1: Rs. 227
Target - 2: Rs. 275
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Technicals - 1) Harmonic Patterns indicating a potential uptrend.
2) ABC Patterns
3) Fibonacci Retracement indicating potential targets.
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Comment: Target - 2(37.5%) will be achieved in medium-term.
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Comment: In the following week or 2, the stock will consolidate.
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Sagarcement
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positional Sagar Cements
Risky Call
Stock after correcting from its recent highs, continuous making lower highs and lower lows.
And now at its strong support levels.
Buy if sustains above 230 levels and further buy more if sustains above 250 levels
This are good fibo levels also, to test.
Target for postionally 280/295/305 levels
Keep Sl of 215 levels on closing basis.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Use a strict trailing stop loss.
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SAGAR CEMENT volume studyVolume & Deliveries:
- Huge Accumulation was done on 15th & 16th June with 4.79 lac shares delivered (2.39 lac/day) while Avg. before was 17.2k shares per day.
- The POC of Rally between 20th July to 4th Aug is around Rs. 272/-
- Post Rally, 12.56 lac shares delivered with Avg. 2.51 lac shares per day just before dry volume consolidation.
- Between 20th July & 25th August for 24 sessions, the Last 30 minutes Volumes had significantly increased compared to other days. (This suggest Big Hands Buying)
- During consolidation the price tried to breach POC levels of 272/- 5 times, but every time good buying (Session) volume was witnessed, keeping the price above POC.
Sagar Cement - Consolidating on Daily Time FrameNSE:SAGCEM
Keep an eye of trend line on bullish side. Stock is respecting the support very well.
Please share with your family and friend if you like the idea to go long. This chart is only for education purpose. Consult with your financial advisor before making any investment.