How to identify what not to trade with 2 Solid examplesI daily make educational content videos for swing / positional trading
STARCEMENT trade ideas
Resistance boStock has broken falling wedge pattern and now near strong resistance, Potential for upmove
This is only for educational purpose
Not for suggestion
Sectors to be in focus - For this monthWeekly RRG Data showing only 7 f 20 sectors to be on the stronger side
FMCG/ IT / Services / Consumer Durables / MNC/ Finance/ Pvt Bank
Rest are mostly heading towardsor already in lagging
Data consist of RS over Index over time on the weekly TF
Mostly used for SectorRotaion
Start accumulation!You can buy 20% now and the rest 80% if the stock enters the buying zone on two different time frames. It looks good in the medium term. Track this beauty daily!
🌟A Deep Dive into STARCEMENT: A Classic Case of Buy on Retest📊 Chart Analysis Overview
The technical chart of STARCEMENT presents a fascinating tale of consistent trading patterns that can intrigue both novice and seasoned traders. By deciphering these patterns, we can unearth potential trading opportunities. Here's a deep dive into the stock's behaviour on the chart:
🚀 Key Observations from STARCEMENT's Chart
Recurring Breakout Retests: One of the most striking features observed in STARCEMENT's chart is the pattern of breakout retests. Historically, after each significant breakout, the stock prices have tended to pull back to retest the breakout levels. This behavior has been a recurrent theme and provides a clear insight into the stock’s momentum.
Formation of New Highs: Post-retest, STARCEMENT often manages to carve out new highs. This suggests a strong underlying market sentiment favouring the stock, thereby indicating a bullish outlook in the wake of each retest.
Volume Insights: Throughout these phases, an intriguing aspect is the volume dynamics. The volumes recorded during the retest phases are unusually low. This low volume retest of breakouts is classic and indicative of a less aggressive retracement, which is a positive signal for bulls in the market.
📊 Key Financial Indicators
Market Position : Prominent with a market cap of ₹8,941 Cr.
Debt Status : Nearly debt-free, enhancing its financial stability.
Operational Performance : ROCE at 16.8% indicates efficient use of capital.
Profitability Issues : ROE is moderate at 10.8%, reflecting average equity returns.
🚀 Strategic Trading Tips
Buying Strategy : Considering the historical success of buying on retests, entering a buy trade at current levels could be advantageous.
Stop Loss Strategy : To manage risk effectively, it's prudent to place a stop loss just below the significant support marked by a thick red line on the chart.
📊 My thought
The STARCEMENT stock chart is a classic example of how consistent technical patterns can offer actionable insights. Given the recurring nature of breakout retests with low volume, coupled with the stock’s ability to forge new highs post-retest, the current scenario suggests a favorable buying opportunity. As always in trading, while the historical patterns can guide us, it's crucial to stay alert and responsive to any new market developments.
Lastly, Thank you for your support, your likes & comments. Feel free to ask if you have questions.
Remember, every successful trader keeps an eye on the past but focuses on the future! 🌟 Keep trading smart and stay optimistic!
Please note that this analysis is for educational purposes only and I am not a SEBI registered analyst.
starcementstock : starcement
trade : long (cash segment)
buy @ 237
sl @ 219
target @ 270
note :
this information is for only education
Star Cement looks good if closed above 170 +Star Cement Limited (NSE: starcement) is facing resistance at its recent all-time-high range. Now the stock closed above 170 + level, looks good.
Star Cement Ltd - Long Setup, Move is ON...#STARCEMENT trading above Resistance of 208
Next Resistance is at 300
Support is at 140
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
STARCEMENT - Breakout Setup, Move is ON..NSE:STARCEMENT
✅ #STARCEMENT trading above Resistance of 204
✅ Next Resistance is at 260
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
STAR Cement - Bounce backSTAR :
Rising Wedge Breakout, close to retest and bounce back
Need to sustain 215 levels for possible strong up-move
#Starcement261% for wave 3 shall finish near 216-217 levels. That is also consolidation zone breakout targets.
Company has announced 5MT to 10MT capacity - almost double which might get commissioned soon
long STAR CEMENT fundamentally strong, consolidation state, above 50 SMA , up trending , hold for upto 35% return for short term.
* only for educational purpose
#STARCEMENT BO with Volume in DTFWTF is in UT,
Stock gave a BO with volume,
before BO volume was drying up
MACD crossover
Stock consolidate for about 2 months
other stocks in the sector have given up move this
1st to move
RS Line made 5WH inside base
Emotion : Doutfull, uncertain but buy set up is ther so im buying half qty
STARCEMENTvcp characteristics
-The Stock must be in stage 2 uptrend.
-A period of price consolidation must take place in thebase. ...
-Price volatility must contract through the base (from left to right). ...
-Price must correct through a series of smaller contractions.
STARCEMENT - Ichimoku BreakoutStock Name - Star Cement Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 175
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
#CloudTrading
#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
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STARCEMENT - Long Setup, Move is ON..NSE:STARCEMENT
✅ #STARCEMENT trading above Resistance of 171
✅ Next Resistance is at 204
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
STARCEMENTSTARCEMENT :- The stock has given a breakout after 3 months of consolidation
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
STARCEMENT - Bottom Triangle chart patternBottom Triangle chart pattern formed on Star Cement Ltd .
The pattern formed over 25 days which is roughly the period of time in which the possibility price range may be achieved, according to standard principles of technical analysis.
Tells Me: The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
STARCEMENT - Bullish Swing ReversalNSE: STARCEMENT is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Break-out-- +DX above -DX and ADX near 20 in upside
--parallel channel breakout and retest
-- MACD crossover appearing
--T1-200+
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
-- Do your own analysis and consult your financial adviser if need be
