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.
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
#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
this is the first time i recorded generally i analyse my chart and i personally took trades only
today, i recorded this video for all those guys those who want to trade the stock which is not very popular coz in popular stock generally heavy amount of buy/sell possible at any time
but, this small cap stock showed a emence rally returns
if you like then do let...
