SHREDIGCEM trade ideas
Shree Digvijay Cement- Decent stock with good fundamentals.Looks good. Breakout on weekly chart. Can see 100 in the coming weeks.
Bullish Flag pattern breakoutThe entire cement sector is performing well. The effect of this boom will also be seen on it.
Observe for breakoutSymmetrical triangle formation. Lower highs and higher lows. Follow and observe stock for a breakout.
SHREDIGCEMBuy at 61 with SL of 57. Previous support is working as resistance now. Once the same is crossed it will turn as support.
Triangle pattern at ATH to make new high !!Price forming triangle pattern and before forming this it just breaks the all time high as shown in the picture. If this triangle pattern breaks up then one can expect a new ATH soon. Wait for it !!!
If you find my analysis helpful . . . . . Please show your support by hitting 👍 LIKE button,
Your Support is very much 🙏 appreciated!
@gopaldhoot012 #SHREEDIGVIJAYCEMENT @ THIS IS MY POINT OF VIEW THAT THIS STOCK WILL DO BETTER PERFORMANCE IN UPCOMING DAYS (NOT TO FORGET THE STOCK HAS GIVEN A 16 YEAR BREAKOUTWITH HIGH VOLUME 5.6TIMES )
I CAN BE WRONG ALSO SO DO YOUR HOMEWORK
(THIS IS FOR EDUCATIONAL PURPOSE AND A RECOMMENDATION)
@gopaldhoot012 #SHREEDIGVIJAYCEMENT BACKED BY STRONG MANAGEMENT 16 YEAR BRAKOUT 3 MONTHS BACK
Spurt in Volume by more than 5.64 times
do your own due diligence
Stock of the Week: ShredigcemStock of the Week:
#Shredigcem
Industry: CEMENT & CEMENT PRODUCTS
Sector: CEMENT AND CONSTRUCTION
Entry Price: 56.20
SL: 47.40
Position Sizing: 21%
Reason: Bounced back from 38.2% and maintain closed above 23.6% Fibonacci retracement zone.
NSE:SHREDIGCEM
SHREDIGCEM Long positionFor 1-day TF, SHREDIGCEM has been facing resistance around 53.75 since 2 months. The same resistance is broken with a decent volume. The target could be 59.5 since this is the next resistance available for SHREDIGCEM.
The break-out of the resistance could be confirmed in 5-minute TF in which the resistance (now support) is tested twice.
SHREE DIGVIJAY CEMThis is a fundamentally strong cement company on a ride to higher levels. But after nearly rising 95% from the level of 22.50 from 8th May 2020, it needs to take a breather, showing negative divergence with RSI. Buy on dips.
Build Long Position on retracement.This stock although a small cap, has shown significant returns since it's IPO late last year. Wait for a retracement to the marked green line and then build long position.
looking good for long term.Keep on radar!
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
not looking bad for a target of 28.xx, sl is 22.45Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
