BUY Setup 🏗️
Entry: â‚ą1,058-1,065 (Current Level)
Target 1: â‚ą1,083-1,090
Target 2: â‚ą1,099-1,110
Target 3: â‚ą1,123-1,135 (Extended)
Stop Loss: â‚ą1,036
Technical Rationale:
Breaking above descending channel (blue shaded area) - major bullish reversal
Strong momentum with +1.11% gain today
Price reclaiming 1,060 resistance zone
Breaking above both declining trendlines convincingly
High volume (343.03K) supporting the breakout
Consolidation zone (1,000-1,060) now acting as support
RSI trending upward, showing momentum building
Cement sector showing strength on infrastructure demand
Multiple resistance levels mapped: 1,036, 1,083, 1,099, 1,123
Clear support at 1,000 psychological level
V-shaped recovery from October lows
Risk-Reward: Strong 1:3+ ratio
Pattern: Falling wedge/descending channel breakout - highly reliable bullish reversal pattern
Strategy: Medium-term swing trade - Book 30% at T1 (1,085), 30% at T2 (1,105), trail remaining with SL at 1,065 after T1
Key Levels:
Breakout Zone: 1,060 (critical level crossed)
Strong Resistance: 1,083, 1,099, 1,123
Major Support: 1,036, 1,000, 980
Sector Catalyst:
Infrastructure spending boost expected
Cement demand picking up seasonally
For educational purposes only. Not SEBI registered. Major pattern breakout - manage position sizing appropriately. Cement stocks can be volatile. Conduct thorough research before investing.
Entry: â‚ą1,058-1,065 (Current Level)
Target 1: â‚ą1,083-1,090
Target 2: â‚ą1,099-1,110
Target 3: â‚ą1,123-1,135 (Extended)
Stop Loss: â‚ą1,036
Technical Rationale:
Breaking above descending channel (blue shaded area) - major bullish reversal
Strong momentum with +1.11% gain today
Price reclaiming 1,060 resistance zone
Breaking above both declining trendlines convincingly
High volume (343.03K) supporting the breakout
Consolidation zone (1,000-1,060) now acting as support
RSI trending upward, showing momentum building
Cement sector showing strength on infrastructure demand
Multiple resistance levels mapped: 1,036, 1,083, 1,099, 1,123
Clear support at 1,000 psychological level
V-shaped recovery from October lows
Risk-Reward: Strong 1:3+ ratio
Pattern: Falling wedge/descending channel breakout - highly reliable bullish reversal pattern
Strategy: Medium-term swing trade - Book 30% at T1 (1,085), 30% at T2 (1,105), trail remaining with SL at 1,065 after T1
Key Levels:
Breakout Zone: 1,060 (critical level crossed)
Strong Resistance: 1,083, 1,099, 1,123
Major Support: 1,036, 1,000, 980
Sector Catalyst:
Infrastructure spending boost expected
Cement demand picking up seasonally
For educational purposes only. Not SEBI registered. Major pattern breakout - manage position sizing appropriately. Cement stocks can be volatile. Conduct thorough research before investing.
Declinazione di responsabilitĂ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilitĂ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.