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!!
