Deccan Cement Looks Good for Reversal, Now an invert H&S pattern forming that sign of a reversal can happen, when the zone will break we can see a move around 20 - 30% gain in DECCAN CEMENT.
deccan cement buy @485 target 531.50, 539.90, 546 risk reward 1.5 sl 444.50
Cup and handle pattern this pattern is trend reversal pattern. Very bullish pattern
Cup and handle pattern in decent cement, this is trend reversal.
Deccan Cement has taken a support on 200 EMA and has given breakout from previous resistance level. More power on sustaining. If you like my analysis do like,comment and follow. Disclaimer : Above information is for educational purpose only . Any trade taken will be at your own risk.
Another chart for study the price action; Deccan Cement: Accumulate on current levels for Mid-Long term : CMP 406 TGT 1 = 450, TGT 2 = 500+, ROI 1 = 11% ROI 2 = 23% Hold with Patience for Greater Reward, To Manage risk - Consult your Financial advisor
Can go long in Deccan Cements based on Break Out of ATP in D time frame Entry when price closes cleanly above D resistance SL below Trend Line Tgt till 430
#DECCANCE #CEMENTS Deccan Cements Ltd. CMP: 289.20 Target: 348 / 408 SL: 272 If you like my work, kindly donate. :)