SAGCEM trade ideas
Sagarcem Long above 656.Sagar Cements, Long above 656. 1st Target: 722, 2nd Target: 800.
SL: 599, Daily Closing basis.
SAGAR CEMENTSPrice is consolidating in a rectangle Channel.
Can also be visualised as a Flag pattern considering the pole.
SAGARCEMENTAll level mentioned on chart.
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sagar Cements 1D chartchances for making an uptrend is 50-50, but if it does will get a good risk reward ratio
Sagar Cements- Weekly / Positional/ Swing
- Bullish Pennant/ Flag
- On the verge of Breakout
- Manage Risk, Position Size
Sagar cement ready for next upmoveAfter giving a series of price bursts, the counter is consolidating. There is negligible selling pressure in the consolidation range. The price range has contracted over the last month. Stay tuned for the next upmove.
SAGAR CEMENTStill maintaining bullish bias and can go to 575 levels quickly. trading above 20 MA and respecting all trendiness.
DAILY SWING CALL 11th August 2020 // SAGAR CEMENTS // LONG NSE:SAGCEM
Call for Tuesday August 11th 2020 // This is a swing trade call and not an intra-day trade //
NSE: SAGCEM (SAGAR CEMENT)
CMP / LTP: 456.9
IDEAL BUYING RANGE*: 440-480
TARGET: 548+ (20% Above)
STOP LOSS: 410 (10-12 % Max)
DURATION: In 15-20 Trading Sessions Target should be achieved
Notes:
- *IDEAL BUYING RANGE: This is the pricing range if the stock corrects after my buy call. If u don't want an aggressive trade, you can wai
- Please follow the Stop Loss strictly (Tolerance of 1% +/- in SL). If you are manually monitoring SL follow them on daily closing basis.
- Recommended Profit Booking / Exit is on +15% on CMP & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades, but if SL / Target are not triggered and you still wish to hold the trade, this can be
done as long as SL is followed or trailed.
- All my reco trades are with Minimum Risk to Reward (RR) 1: 1.5 (Can go upto 2-3 range depending on the market conditions)t for a "possible" (not guaranteed) correction. One can also do a staggered buying (50% on LTP and balance 50% if the stock goes down further 2-3-5% range). This way the Risk Reward can be improved and profit can be maximized.
- This is a swing trade call and not an intra-day trade
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
Long Swing Trade Idea #19: Buy SAGCEM Buy SAGCEM only above 405 with Stop-loss at 334 for first target of 488. Idea is for 15th July 2020 onwards and I will update it if it is triggered or in case it is no longer valid.
