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SAGAR CEMENTS LTDSAGAR CEMENTS LTDSAGAR CEMENTS LTD

SAGAR CEMENTS LTD

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SAGCEM trade ideas

SAGAR CEMENT volume studyVolume & Deliveries: - Huge Accumulation was done on 15th & 16th June with 4.79 lac shares delivered (2.39 lac/day) while Avg. before was 17.2k shares per day. - The POC of Rally between 20th July to 4th Aug is around Rs. 272/- - Post Rally, 12.56 lac shares delivered with Avg. 2.51 lac shares per day just before dry volume consolidation. - Between 20th July & 25th August for 24 sessions, the Last 30 minutes Volumes had significantly increased compared to other days. (This suggest Big Hands Buying) - During consolidation the price tried to breach POC levels of 272/- 5 times, but every time good buying (Session) volume was witnessed, keeping the price above POC.
NSE:SAGCEM
by AmanSaraf
SAGAR CEMENT looks good PositionallyChart Structure: - Price broke out of a Darvas Box Consolidation on May Mid. - After little consolidation, it again went up to All-Time-High range & consolidated again for a bit. - Price broke an All-time-high and rallied again. - Since Darvas Breakout, the stock rallied around 88% - Post Rally, the stock has been consolidating again and took a 14% breather only. Sectoral Performance: - CNXINFRA has been outperforming Nifty in 1Y, 6M, 3M & 1M timeframes. - In all the above timeframes, the stock is outperforming its Sector as well as Nifty50. - The S&P Reality Index has broken out of its Range on 22nd September and rallying up along with the stocks. - The current push in the Realty sector will also bring Sectoral Tailwinds for the stock. Relative Strength: - After becoming RS+ on 10th June (with the new ARS Date) the relative strength has significantly improved. - The outperformance went up to 11th August, till the stock rallied and came down a bit. - During the consolidation phase, the spread performance came down under 50MA. - Yesterday, the spread value has crossed 21-MA, and again will try to cross over 50-spread MA. - Public & Pro values have also seen positive crossover on 17th September. Volume & Deliveries: - Huge Accumulation was done on 15th & 16th June with 4.79 lac shares delivered (2.39 lac/day) while Avg. before was 17.2k shares per day. - The POC of Rally between 20th July to 4th Aug is around Rs. 272/- - Post Rally, 12.56 lac shares delivered with Avg. 2.51 lac shares per day just before dry volume consolidation. - Between 20th July & 25th August for 24 sessions, the Last 30 minutes Volumes had significantly increased compared to other days. (This suggest Big Hands Buying) - During consolidation the price tried to breach POC levels of 272/- 5 times, but every time good buying (Session) volume was witnessed, keeping the price above POC. - Link for Volume Study - Financial Performance: - June Quarterly numbers were mostly flat with a slight decline in Sales. - Sales Growth - QoQ: -6% / YoY: 49% - PBT Growth - QoQ: 3% / YoY: 40% - PAT Growth - QoQ: 2% / YoY: 42% Consolidation Behaviour: - From 24th August, the stock price is consolidating on a thin Range of 9.5% between 266.10 & 295.00 in 22 sessions. - Price has been consolidating now above 50-MA for the last 10 sessions. - This consolidation has seen 7 Blast-off Candles in Day TF & 2 Weekly Blast-off Candles. - This behavior of Blast-offs has been seen 3 times during consolidation before 25%, 30% & 37% up move. - The 21-day Average of Absolute value (Open-Close) during consolidation is Positive (43.70) - The 14-day Average of Absolute value (Open-Close) during consolidation is also Positive (25.35) - Both Absolute Value Averages suggest buyers are having the upper hand during the consolidation. A good stock to study further & keep an eye upon.
NSE:SAGCEMLong
by AmanSaraf
1
SAGCEM - Ascending Triangle BreakoutThe stock has shown a minor break out of the ascending triangle pattern today, coupled with spike in volumes. Cement stocks are expected to have good results this quarter, and Sagar Cements will be no different. Also, this stock is expected to be split soon (1:10), which can add on to the momentum. I feel this can be bought at current price for a target of 1295 (arrived through fibonnaci retracement tool). Stop loss should be maintained at 1090 levels. Besides the chart pattern and supporting news, the technicals are also placed in a positive territory: RSI - 66.4 (Bullish but not overbought) ADX - 41.1 (Suggesting strong Trend) P.S: This idea is for educational purposes only and should not be construed as an investment advice.
NSE:SAGCEMLong
by Yes2Profits
1
Stock for three days SAGAR CEMENTSGood evening friends friends we have updated our idea online keys so you are requested to please see the idea on venkys also when key is a very good level and Bank KYC and so wonderful return in the days to come so friends now we are going to talk about Sagar cements if you have a look on the chart which we are posting in the past also start running started running from 850 and it has reached it has reached a level of 1175 in one week and this time also it is started from 880 and we are hopeful that till the time the week will be over the stock will be somewhere near about 1200 so it is our opinion only and no recommendation at thank you regards
NSE:SAGCEMLong
by GROWINGWEALTHM
Sagar Cements consolidating within a VCP patternSagar Cements is making a VCP pattern , with decreasing price volatility as you go from left to right. There has been some promoter buying seen too in recent quarters, plus the company has performed better in last 2 quarters. One can consider buying above 753, with a Stop below 696. Cement sector in India has performed well during recent times, with many stocks like Ultratech, Shree Cements, Ambuja Cements, ACC, Ramco, JK Cement, Heidelberg, hitting their life time highs. Remember that patterns do fail and therefore you must maintain proper position sizing according to your risk-appetite.
NSE:SAGCEMLong
by Pro-Setups