Early entry of relative strength Fundamentals are awesome results are good stop 212
It seems like stock has formed cup and haddle pattern on daily timeframe. It could give upto 20% upword momentum. This is strictly for educational purpose only pleasse do you own analysis.
Chart is forming cup and handle formation on weekly chart. Volume is increasing with the price rise and decreases with fall in price. FIIs are increasing stake every quarter. ROCE > 20%, PE < Industry PE RSI is above 60 , another bullish signal TARGET -1 : 120 TARGET -2 : 140 STOP LOSS: 88 **These are my personal observations. Please trade at your own risk.**
The stock is breaking out of 2 year old consolidation, once can expect 40-50% ROI in short to mid term. For Swing trade, one may look to enter at current price and trail profits post 114, 14-15% ROI. The stock is in uptrend in all higher timeframes. The stock is clearly indicating cup and handle pattern in weekly.
Stock has given breakout, Cup and handdle pattern has been complete and there is an breakout through volume. There is also MACD crossover. Perfect stock for portfolio.
Looking really good as it breaks out of the Gann level @104(which is going to be the SL just below this level) with good volumes Also, weekly candle bounced back from 1/1 levels too.
SHREE DIGVIJAY CEMENT (Swing): SDC has broken a major resistance and well set for a 30-40 % up move. Appropriate demand zone and target is highlighted. Keep adding between 99-105 with a SL around 92. Trade offers a RR of more than 1:4. Note: Do your own due diligence before taking any action.
Shree Digvijay Cement Monthly chart breakout buy on dip first 150 & Second Target 250.
Shree Digvijay Cement Company Ltd is looking strong above 95 levels. FIIs also adding stake.
Expecting breakout of cup and handle pattern in Shree Digvijay Cement. Looks like it has enough to give breakout and reach new ATH.
Reason for long a) breakout pull back set up b) complete engulfing candle c) volume is high for long d) super trend support SL compulsory
Digvijay cement has given a pennant breakout. I particularly liked the volume with which it has given the breakout. This stock has consistently outperformed and the strength can be easily seen on the chart. Fundamentally too the stock has a good track record. I feel it's a worth of a trade. CMP - 91 W (6/8/23) T - 121, 160 W SL - 75 W
Shree Digvijay Cement-Nice Breakout Capital to be deployed- 20k Investing Price -90-91 Breakout Price -90 Stoploss -74 Targets -125-144-223 RT for max reach #shreedigvijay #StocksInFocus #StocksToBuy #stockstowatch #StocksToTrade
Reason for long 1. Market structure - medium bullish and consolidation 2. Consolidation before the Breakout : 3 month consolidation breakout 3. Support-Resistance levels: Entry near support 4. Supply-Demand zones: Demand zone as evident by volume 5. Location of 200MA or 200EMA: Horizontal 6. Overlap with a Fibonacci level : matching with golden ratio near entry 7....
#SHREDIGCEM : Beautiful Swing trade Setup >> Volumes Building up >> Good Strength in stock Be patient with this stock Take quick 5-10% & keep trailling Happy Trading
If this comes to 45 level, it will be a great opportunity. For now, a watchlist stock Disc : Not a buy/sell recommendation. Not Holding.
Can go upside till 130 promotors alredy increasing stake via open market.
(Daily) - Bull flag breakout - Entry - 94 - Target -113 - SL -84