The 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...
#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...
NSE:JKLAKSHMI
#JKLAKSHMI
CMP: 345.35
Target: 395 ++ {HOLD for higher UP SIDE!}
SL: 327
Time Frame: ~ 1 month
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