BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in SAGCEM
BUY TODAY SELL TOMORROW for 5%
SAGCEM
SAGCEM - Ascending Triangle BreakoutThe stock has shown a minor break out of the ascending triangle pattern today, coupled with spike in volumes.
Cement stocks are expected to have good results this quarter, and Sagar Cements will be no different.
Also, this stock is expected to be split soon (1:10), which can add on to the momentum.
I feel this can be bought at current price for a target of 1295 (arrived through fibonnaci retracement tool). Stop loss should be maintained at 1090 levels.
Besides the chart pattern and supporting news, the technicals are also placed in a positive territory:
RSI - 66.4 (Bullish but not overbought)
ADX - 41.1 (Suggesting strong Trend)
P.S: This idea is for educational purposes only and should not be construed as an investment advice.
#RAMCOCEM CMP1024 #TARGET 1152 #RAMCOIND #ITDCEM #SHREECEM #Iot#RANCOCEM
NSE: RAMCOCEM
Short Term Quick Profit
CMP 1024.30
Target 1152
SL : 977
Timeframe < 60 Days
Can hold for longer time
Factors:
BULLISH WEDGE BREAKOUT
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.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia