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....
As we all are aware that midcaps and small caps are giving much better return these days, so there's one which has a chance of good & fast move.
Support resistance have been market for learning purpose.
Volume & 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 &...
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice
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
NSE: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.
After giving a series of price bursts, the counter is consolidating. There is negligible selling pressure in the consolidation range. The price range has contracted over the last month. Stay tuned for the next upmove.
