Sagar Cements consolidating within a VCP pattern

2021년 4월 2일

Sagar Cements is making a VCP pattern, with decreasing price volatility as you go from left to right.

There has been some promoter buying seen too in recent quarters, plus the company has performed better in last 2 quarters.

One can consider buying above 753, with a Stop below 696.

Cement sector in India has performed well during recent times, with many stocks like Ultratech, Shree Cements, Ambuja Cements, ACC, Ramco, JK Cement, Heidelberg, hitting their life time highs.

Remember that patterns do fail and therefore you must maintain proper position sizing according to your risk-appetite.

2021년 4월 2일

노트

Please drag the chart to your right to see it properly.

2021년 8월 29일

노트

Sagar Cements split the face value of its shares from Rs 10 to Rs 2. Which means that you have to divide the value of the share as on the idea posted date by 5, for the correct comparison.