Power cement is flying to 11.5 level after flying over 8 levelPower cement monthly chart is showing these 2 important levels, It can go to 11.5 after crossing level of 8
Cement
Flying cement is crossing 8 level, Going to 11Flying cement is crossing 8 level mar and its next level will be near 12
PPC Limited 3 breakout patterns upside to R4.75W Formation has formed after 2 more breakout patterns before.
They are looking great for upside and the high probability trade is set with Price above both 20 and 200.
First target set at R4.75
Ramco Cement Ramco cement may have formed a LD pattern on Ew basis & may have completed the correction.. The new run could be fast & we can expect 1100-1500 levels in the next 4-6 months..
Stop loss 780
Cement sector- A duopoly?After Adani group bought ACC and Ambuja cements and became an impact player in cement sector of the country there is a chance of duopoly creation in the cement sector as was seen in the case of telecom sector when Jio entered the segment. Although such extreme duopoly will not be created in cement sector as the other regional cement will continue to operate. There is a chance that the plants of regional companies can also be bought as Ambuja and ACC were bought. So both Ultratech and Adani group cement companies should be looked upon and should be added to our personal portfolio keeping in mind the long term vision of the country. Please do your analysis and share your views in the comment section below.
Hope you like my idea.
Another 2 major BUY signals for PPC Limited to R4.75It's always great when you don't only get one Bullish breakout signal, but two more!
Another W Formation has formed along with a strong uptrend driving the price up.
So with this accompanied with Price>20 and Price>200 - make sit a HIGH probability analysis.
The first target remains at R4.60 and the second target at R4.75.
BULLISH
PPC target has been extended to R4.60W Formation formed on PPC.
The price broke out of the downtrend since January 2024.
and we have further confirmation with price above both 20 and 200MA.
The target has therefore been increased to R4.60.
With the new building of the malls in South AFrica and the property boom, I don't blame a company like PPC to have invested interest from the shareholders.
UPDATE: PPC shifted the analysis to upside target at R4.26W Formation formed on PPC and there has been a breakout of the downside since December.
The M Formation that formed I expected to breakdown never confirmed and so, the analysis has switched.l
It's not easy making analysis probabilities with low liquid penny stocks like PPC.
Funny I never thought PPC and Penny Stock would be in the same sentence but here we are and it shows how unpredictable markets are.
Price>20 and Price>200 - HPT
Target R4.26
M Formation on PPC target set to R2.64 - High probabilityThis is an update on the last analysis made for PPC.
There was a Larger M Formation that took place earlier where the target was arounf R2.37.
But now with the new M Formation, we can raise the target a little bit higher to R2.64.
Price<20 and Price <200MA which sets a high probability analysis...
Target R2.64
JK Lakshmi Cements: It could break either way. Be prepared.Key Zones
Supply Zone (Resistance) represented by the Red Box.
The price has shown a clear rejection in this zone multiple times, indicating strong selling pressure.
Demand Zone (Support) represented by the Green Box.
Historically, this zone has acted as a strong support, suggesting buying interest in this area.
Patterns and Trendlines
RSI (Relative Strength Index): Current RSI is around 40.73, suggesting the stock is approaching the oversold territory, but not quite there yet.
Key Levels to Watch
Resistance: 875 - 900 INR (Supply Zone)
Support: 675 - 725 INR (Demand Zone)
Intermediate Support: 723.10 INR
Possible Scenarios
Bullish Scenario:
If the price breaks above the descending triangle's upper trendline, it could challenge the supply zone around 875-900 INR.
Confirmation would require a strong breakout with high volume.
Bearish Scenario:
A breakdown below the descending triangle’s lower trendline and the support at 775 INR could lead to a drop towards the demand zone around 675-725 INR.
The gap fill mentioned in the chart could be a target area in the event of a breakdown.
Conclusion
The chart shows JK Lakshmi Cement at a crucial juncture within a descending triangle pattern.
Watch for a breakout above the triangle for a bullish move towards the supply zone.
Alternatively, a breakdown below the current support could lead to further downside, targeting the demand zone and potential gap fill area.
Monitoring volume and RSI will be key in confirming any breakout or breakdown.
Overall, traders should keep an eye on these critical levels and patterns to make informed decisions.
DISCLAIMER: EDUCATION PURPOSES ONLY. NOT FINANCIAL ADVICE.
"Why Investing in Ambuja Cements Limited Stock is a Smart Move" buy now on 460 price at a lucrative price with potential upside of18 percent
wsup mefor more recos 8459 22 0202
Ambuja Cements Limited is a major cement manufacturing company in India. The company was established in 1983 and is headquartered in Mumbai. It is a part of the LafargeHolcim group, one of the world's largest building materials companies. The company operates in various states in India, and also has a presence in the Middle East and Africa
PPC M Formation ready to break down to R2.37?M Formation has formed on PPC since November 2023.
This is a very risky trade analysis due to the high volatile nature of the share.
But if the uptrend holds strong and lower highs continue, we could see a very big fall with the cement company.
Medium Probability Trade
Price<20 and Price <200MA
Target R2.37
PPC made a bad turn taking it to the next target R2.37M Formation has recently formed on PPC.
We are seeing negative signs more than positive.
On Tuesday, the price crossed below the 200MA which confirmed downside to come.
Now we can expect a test and a consolidation period before further downside, but well need the price to cross and close below the 200MA first.
Target R2.37
UPDATE: PPC Cup and Handle to a Diamond snoozing formationSince the price broke above the brim level for PPC, it's since formed a DIamond FOrmation.
There are TWO scenarios we can see:
A bullish Diamond broadening formation. It resembles a diamond with high volatility and jumpiness between the price range. We wait for the diamond to form and then wait for the breakout to the upside.
A bearish Diamond broadening pattern, where the price breaks below the support of the diamond formation.
TIPS FOR BOTH
It is common to see Diamond formations to form in up or down trends and then break either way. So we do need to wait for the breakout.
I am cautiously optimistic as the previous trend was up, the price is above the 200MA.
And so the target remains at R4.40.
Dalmia Bharat New waveDalmia Bharat may have ended a flat correction or correction may continue later if new lows are coming.
But at this moment looks like a diagonal has ended & can start afresh rally from here.
Can buy Dalmia Cements keeping stop loss of Friday low 2068 for targets of 2500-2600 in next 2-3 months..
Will check new selling or buying signal if stop loss is taken..
Shree Cement Buy Trade as per Daily Demand.
Monthly Demand is formed and Price in lower timeframe has retraced into the Demand,
This Daily Demand has coincided into the Monthly Demand hence a valid Trade with defined risk.
South Province Cement (3050)Monthly chart, the stock is trading in a critical zone, either rebound or fall down.
Probable rebound from support A, then next probability at support B level.
After rebounding the target will be to test the resistance A at around 64.4
Note: rebounding from support C is possible as well. Be careful!
After crossing up 68.5, the next target will be resistance line B at around 81
This is a long term view.
PPC major Cup and Handle with target to R4.40PPC hit our initial target at R3.50.
It then confirmed a breach above the neckline from the larger cup and handle formed since March 2023...
Now there is a slight consolidation before the upside to continue.
We see the moving averages are perfectly aligned where 7>21>200
And the RSI>50 and making higher lows.
New target will be at R4.40
ULTRA TECH CEM FUT long at 8215 ADD AT 8050 SL 7925 , hopefully can reverse from here worth a shot
due to decent risk / reward ratio
UPDATE PPC hit target at R3.55 and next target even higherTHe first Cup and Handle formed and the target was set to R3.55.
Last week it hit it and in the pipeline another LARGER Cup and Handle formed.
With the Moving averages all looking up 7>21>200 and with RSI making higher lows.
The next target will be set to R4.40
Very bullish for PPC
PPC showing strong upside to come with WARNINGCup and handle has formed on PPC, where the price has retraced back to test the brim level.
The volatility is wild with this Penny Stock and the liquidity is also very low.
These are dangerous stocks to try buy and sell and wider stops and take profits are essential.
Also with MAs, they are in the twilight zone too as 7=21=200
RSI>50
Target R3.55
WARNING
JK Lakshmi Cement - long term bullishStock seems to be getting ready a move higher in wave (iii) of 3 (the most powerful move).
Currently the correction in wave (ii) might have been completed as shown on the chart or could make a lower low to complete the correction.
Break of wave x at 850 would add more confidence to this idea.
Regardless of the shorter time frame, the stock seems to be getting ready to move up in long term.
Thanks for reading!
LOOKING FOR 23 PERCENT OF ROI FROM TOP CEMENT COMPANY JK Lakshmi Cement share with a current price of 617:
* **Company overview:** JK Lakshmi Cement is a leading cement manufacturer in NSE:JKLAKSHMI India. The company has a strong brand presence and a wide distribution network. It also has a captive limestone mine, which gives it a cost advantage.
* **Current valuation:** The current price of JK Lakshmi Cement is 617. This is below the consensus price target of 740.60. This suggests that the stock is undervalued.
* **Fundamentals:** The fundamentals of JK Lakshmi Cement are strong. The company is expected to grow its revenue and earnings in the coming quarters. It is also well-positioned to benefit from the rising demand for cement in India.
* **Risks:** The main risks to JK Lakshmi Cement are a slowdown in the Indian economy and a rise in input costs. However, these risks are mitigated by the company's strong brand presence and its captive limestone mine.
Overall, I believe that JK Lakshmi Cement is a good buy at the current price. The stock is undervalued and the fundamentals are strong. I would recommend investors to buy the stock and hold it for the long term.
Here are some other factors to consider before making a decision:
* Your investment goals and risk tolerance.
* The overall market conditions.
* Your current portfolio allocation.
