#STAR cement 2 consecutive day close above 174.4, fir to udega?Star cement is consolidating in a tight range since 15th Nov 2023. If it manages to give 2 consecutive day close above FIB level of 174.4 then it should move fast towards 1) 177.45 2) 181.9 3) 190 4) 196 5) 199. Below 162 it will become weak.
Starcementtrendanalysis
Star Cement Ltd potential Cup with Handle patternA nice giant saucer bottom has formed over a span of more than 5 years.
Expecting a small handle formation before blasting off towards it's technical target of 240+
Good to enter around 130 levels for a target of 240 with SL below 115.
84.6% ROI with 1:7 R:R
Stable fundamentals.
Do your own due diligence before taking any action.
Peace!!