STAR CEMENT LTD | Strong Breakout After Long-Term Consolidation 📝 Description:
📌 Stock: STAR CEMENT LTD (NSE)
📅 Timeframe: 1D (Daily)
📈 Breakout Date: 04-Aug-2025
💼 Sector: Cement / Infrastructure
⚡️ Technical Setup:
Breakout Above Long-Term Resistance:
Price has finally broken through the ₹240–₹256 resistance zone, which had capped upside for nearly a year.
Strong Volume Confirmation:
The breakout is accompanied by a significant rise in volume, adding credibility to the move and indicating strong buyer interest.
Bullish Market Structure:
Price has shifted into a higher high–higher low structure over the last few weeks, confirming momentum build-up.
Range Built-Up Base:
Price consolidated within ₹190–₹240 for over 10 months, creating a solid foundation for the breakout.
🔍 Key Observations:
📊 Chart Pattern:
The chart shows a horizontal breakout from a long-term consolidation zone between ₹240–₹256. This breakout signals a bullish continuation, as the stock pushes above a multi-month supply zone with strong momentum.
📈 Recent Price Action:
• The stock gave a clean breakout on 04-Aug-2025, closing above the resistance zone required with strong follow-through.
• The rally was supported by 2.5× surge in volume, indicating institutional interest.
• Price structure shows confirming trend reversal from range-bound to bullish.
• This breakout comes after 10+ months of consolidation, adding more weight to the move.
Add-ons:-
✅ Clean breakout with follow-through above ₹256.
🔼 No immediate supply zone until ₹280–₹290 range.
🔁 ₹240 now becomes a key support level.
📊 Increasing volume supports institutional accumulation possibility.
📌 Trade View:
Aggressive Entry:
• Entry around current levels if price holds above the breakout zone (₹256+).
• Use a stop-loss as per your risk plan.
Conservative Entry:
• Wait for a retest of the breakout zone (₹240–₹256) with confirmation through price action and volume support.
• Ideal for traders preferring high conviction and lower risk.
•Bias: Bullish
•Support: ₹240 (flip level), ₹225 (minor swing)
•Invalidation: Close below ₹240
🧠 Rationale:
The long base, clean breakout, and strong volume together suggest a high-probability bullish continuation. Absence of nearby resistance offers a decent runway towards the ₹280–₹290 zone. This move is also backed by strength in the broader cement sector.
🚨 Disclaimer: This is not financial advice. All views are shared for educational purposes only. Always do your own research and manage risk responsibly before making any trading decisions.
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