Sagar Cements is making a VCP pattern , with decreasing price volatility as you go from left to right.
There has been some promoter buying seen too in recent quarters, plus the company has performed better in last 2 quarters.
One can consider buying above 753, with a Stop below 696.
Cement sector in India has performed well during recent times, with many...
Nifty has been moving in a descending channel forming 3 VCP.
A breakdown could prove fatal and unfortunately chances for a break down are more.
Watch out for very strict breakdown below 14250 because MACD is already weak and it could trigger a bigger fall.
The bullish divergence could see a minor pullback but under the situation don't construe it as a recovery....
After A Quick 55% Move in 3 Weeks. A very Tight Weekly Inside Bar Formed On The Chart Of IIFL. The 10 WMA Was Right Below The Price Making It The Perfect Setup. The Stock Moved 204% in 3 Months From Here After The Breakaway.
Very Fast Triple Digit Returns Were Available Here. One Good Trade !
UBL SPOT CMP 1297
NEAREST RESISTANCE IS 1308 LEVELS,, ABOVE THAT COUNTER MAY GIVE SHARP UP MOVE OF 5-7-10%
ASCENDING TRIANGLE PATTERN FORMATION HAVING RESISTANCE LINE AROUND 1308
INVERSE HEAD AND SHOULDER PATTERN FORMATION HAVING NECKLINE AROUND 1308
VCP PATTERN FORMATION CONFIRMS BREAKOUT ABOVE 1308 LEVELS
Long positions can be created above 1310 levels ,,...