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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.
NSE:SAGCEMLong
by Yes2Profits
1
#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
NSE:RAMCOCEMLong
by Rachit_Sethia
3