Triangle pattern breaking out in Deccan cement. if sustains the BO outside this pattern, swing traders can take a call and include it in their trading plan.
Buy above breakout of trendline and use stoploss as latest swing low. good risk-reward setup.
Stock would try to reach first target of 850 according to Fib retracement. It has retraced to the last all time high level and bounced back this week.
#deccan cement Cement sector looks strong and Deccan cement has completed pullback. Nice time to enter. #VR
Deccane cement gives multi year break out, support and resistance mentioned.
Deccan Cement in strong momentum. Monthly chart looking very good. This should test 650+ very soon.
Long above 415 Target 452 SL 395 . Entry after the BO of TL. RSI also forming the +ve divergences. keep the stock in your watch list. This is for pure educational ideas.
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Price reached trend line and ready to give big move
After the earnings and breaking out of a resistance point with strong volume, it retests and now broke out of another small resistance. With proper risk management, you can look for entering a long position, since it is likely to continue its upward rally.
Deccan Cement - SELL = if drop from 370 SL - 380 first target - 352 next targert - 340 BUY = if it breaks 400 SL - 390 first target - 410 second target - 420