-after listing no return for 2 years then gave breakout last year
-after breakout moved 25% and retracing from last 5 months
-below it has very strong support zone
-company is highly profitable & as India grows construction related sector will also grow
Prices have cleared its previous all time high of 32.65.
Volumes in this rally have been higher than average, confirming strength.
RSI has also cleared 56-58 Overbought zone, suggest bullish trend.
Bullish outlook remains valid as long as price is above 30.
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days...
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 10-15% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either...
Udaipur Cement Works looks poised for a 10-15% move.
First Entry - CMP
2nd Entry - Above 27.55
Target - 15%
SL - 25.20
Study the stock & Trade responsibly.
Buy@CMP
TGT - 51 & 55
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the...
Udaipur Cement Works Limited (UCWL) , incorporated on 15th March 1993, has its registered office at Jaipur, Rajasthan. The company presently is a subsidiary of Indian Cement Manufacturing Company, JK Lakshmi Cement Limited, which is part of reputed business conglomerate JK Organisation (JKO) that has rich business legacy of more than 135 years. UCWL manufactures...
