SHREDIGCEM Triangle Breakout 1DSHREDIGCEM breaks out from symmetrical triangle pattern on high volumes on 1D timeframe. It is apparently retesting its trendline. Enter after bullish confirmation. It has favourable Risk Reward Ratio.
Key stats
Market capitalization
8.985BINR
Dividends yield (FY)
5.66%
Price to earnings Ratio (TTM)
19.65
Basic EPS (TTM)
3.22INR
About SHREE DIGVIJAY CEMENT CO.LTD
ISIN
INE232A01011
Sector
Non-Energy Minerals
Industry
Construction Materials
Website
digvijaycement.com
CEO
K. K. Rajeev Nambiar
Headquarters
Jamnagar
Employees
259
Founded
1944
Shree Digvijay Cement Co. Ltd. engages in the manufacture and sale of cement. The firm's products include oil well cement, sulphate resisting portland cement, portland pozzolana cement and other varieties of ordinary portland cement. It markets its products under KAMAL brand. The company was founded on November 6, 1944 and is headquartered in Jamnagar, India.
Shree Digvijay Cement Company Ltd (Bullish) Shree Digvijay Cement Company Ltd:-
FUNDAMENTAL ANALYSIS:-
It was established on 06 Nov 1949 at sikka and is primarily engaged in the business of manufacture and sale of cement. It sells cement under its established brand 'Kamal Cement'. Sector - Cement & Construction Materials.
Positive:-
1
SHREE DIGVIJAY CEMENT - LONGEntry: 73
Stop loss: 69
Target : 79/85
Notes:
Price breakout from LH-LL trendline
Retest the BO
Cement stocks in momentum
Chart Analysis of Shredigcem (9 Jan 2022)Cement Sector Looking strong.
Breakout from downward trend and strong bounce from support.
Target : 95
SL : 78 WCB
Only for educational purpose. Not a recommendation.
FY21-22 Swing Trade Idea #194: Long on SHREDIGCEM This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea
Shree Digvijay Cement- BreakoutShree Digvijay Cement has broken out of falling channel and can move towards 110-120 levels soon. Volumes are up with RSI above 60 and RS +ve.
Blood Bath in Stocks- What to doBlood Bath in Stocks- What to do. I discussed what i have done and in the end a small strategy to control your risk and increase profit when there is sudden fall.
BREAKDOWN/BREAKOUT It can go in both direction, wait for confirmation first. Need good volume for breakout. This is a penny stock trade carefully. Graph is only for educational purpose.
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