Currently trading at 372. Forming a head and shoulders and also a W pattern on daily time frame. Can buy or go long for a target of 441 - 475 for swing trading.
Stop loss near 350.
Trade at your own risk.
Sagar Cements looks good for Swing at CMP. Price has crossed 50 EMA on daily time frame and 50 and 200 EMA on hourly time frame. It has made a double top pattern in the past if it crosses then it might give a nice breakout.
Can buy for SWING with a SL of 250- 240 and Target price of 288 for swing and 318 for ST.
Ashok Leyland posted negative results in sept 2021. Hence the stock is showing weakness and huge selloff. If no bounce is shown from 117 levels then the view is not valid. Above 122 we can see a small upmove in the stock till 140.
After a pull back from 0.786 fib retrancement target achieved at the extension.
Now again testing 0.618 fibo levels, above this expecting a good upmove.
Entry above 790 SL near 770 and target near 900 levels.
Retraced from 38.2% levels with good volume. Also tested 50 EMA. Expecting a good upmove in this stock.
Above 1210 this stock should shoot up.
Entry 1210 with SL of 1100 and target anything near 1450 levels.
Posted Dividends recently and good and positive price action seen. Retracement seen from ATH.
Above 600 good upmove can be seen in this stock.
Also stock taking food support at 200ema at hourly time frame.
Entry, Exit and SL shared on the chart.