M Formation has formed on PPC since November 2023.
This is a very risky trade analysis due to the high volatile nature of the share.
But if the uptrend holds strong and lower highs continue, we could see a very big fall with the cement company.
Medium Probability Trade
Price<20 and Price <200MA
Target R2.37
M Formation has recently formed on PPC.
We are seeing negative signs more than positive.
On Tuesday, the price crossed below the 200MA which confirmed downside to come.
Now we can expect a test and a consolidation period before further downside, but well need the price to cross and close below the 200MA first.
Target R2.37
Since the price broke above the brim level for PPC, it's since formed a DIamond FOrmation.
There are TWO scenarios we can see:
A bullish Diamond broadening formation. It resembles a diamond with high volatility and jumpiness between the price range. We wait for the diamond to form and then wait for the breakout to the upside.
A bearish Diamond broadening...
Dalmia Bharat may have ended a flat correction or correction may continue later if new lows are coming.
But at this moment looks like a diagonal has ended & can start afresh rally from here.
Can buy Dalmia Cements keeping stop loss of Friday low 2068 for targets of 2500-2600 in next 2-3 months..
Will check new selling or buying signal if stop loss is taken..
Monthly Demand is formed and Price in lower timeframe has retraced into the Demand,
This Daily Demand has coincided into the Monthly Demand hence a valid Trade with defined risk.
Monthly chart, the stock is trading in a critical zone, either rebound or fall down.
Probable rebound from support A, then next probability at support B level.
After rebounding the target will be to test the resistance A at around 64.4
Note: rebounding from support C is possible as well. Be careful!
After crossing up 68.5, the next target will be resistance line...
PPC hit our initial target at R3.50.
It then confirmed a breach above the neckline from the larger cup and handle formed since March 2023...
Now there is a slight consolidation before the upside to continue.
We see the moving averages are perfectly aligned where 7>21>200
And the RSI>50 and making higher lows.
New target will be at R4.40
THe first Cup and Handle formed and the target was set to R3.55.
Last week it hit it and in the pipeline another LARGER Cup and Handle formed.
With the Moving averages all looking up 7>21>200 and with RSI making higher lows.
The next target will be set to R4.40
Very bullish for PPC
Cup and handle has formed on PPC, where the price has retraced back to test the brim level.
The volatility is wild with this Penny Stock and the liquidity is also very low.
These are dangerous stocks to try buy and sell and wider stops and take profits are essential.
Also with MAs, they are in the twilight zone too as 7=21=200
RSI>50
Target R3.55
WARNING
Stock seems to be getting ready a move higher in wave (iii) of 3 (the most powerful move).
Currently the correction in wave (ii) might have been completed as shown on the chart or could make a lower low to complete the correction.
Break of wave x at 850 would add more confidence to this idea.
Regardless of the shorter time frame, the stock seems to be getting...
JK Lakshmi Cement share with a current price of 617:
* **Company overview:** JK Lakshmi Cement is a leading cement manufacturer in NSE:JKLAKSHMI India. The company has a strong brand presence and a wide distribution network. It also has a captive limestone mine, which gives it a cost advantage.
* **Current valuation:** The current price of JK Lakshmi...
Price has been in an Uptrend and will continue the same, Price has just given a pullback into a Demand syned into Weekly Daily and 4H, hence another 4% Upward.
ENJOY THE RIDE!!!
buy now on 460 price at a lucrative price with potential upside of18 percent
wsup mefor more recos 8459 22 0202
Ambuja Cements Limited is a major cement manufacturing company in India. The company was established in 1983 and is headquartered in Mumbai. It is a part of the LafargeHolcim group, one of the world's largest building materials companies. The company...
Breakout in india cement at the levels of 248 buy at current levels for the targets of 270 stock is above of all the important exponential moving averages keep stoploss strict.
