STOCKS FOR SWING TRADING (SHORT TERM) 18/06/2024 NO.6 #STARCEMENT Buy Price - 224 (CMP 223) SL - 210 TARGET - 245, 280 (10 - 25%) @jagadheeshjp Disclaimer : All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking...
Star cement is consolidating in a tight range since 15th Nov 2023. If it manages to give 2 consecutive day close above FIB level of 174.4 then it should move fast towards 1) 177.45 2) 181.9 3) 190 4) 196 5) 199. Below 162 it will become weak.
A nice giant saucer bottom has formed over a span of more than 5 years. Expecting a small handle formation before blasting off towards it's technical target of 240+ Good to enter around 130 levels for a target of 240 with SL below 115. 84.6% ROI with 1:7 R:R Stable fundamentals. Do your own due diligence before taking any action. Peace!!
BREKOUT on starcement weekly timeframe. Anyone else feel the same, share your thoughts on this. I'm more interested on weekly breakouts.
I bought Star Cement Manual trend is bullish Bullish crossover between 100 and 200 EMA (not complete) Bullish crossover in RSI SL around 95 T1 115 / T2 open
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 3:1 SL is placed below support zone & the lower trendline. The target is placed near resistance.