📊 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
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#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...
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...
261% 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
WTF 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
vcp 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.
Stock 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...
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...
STARCEMENT :- 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...
Bottom 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...
NSE: 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...
