POWER trade ideas
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
Flying cement is crossing 8 level, Going to 11Flying cement is crossing 8 level mar and its next level will be near 12
POWERPOWER - Buy Call
Entry: 5.21
Target: 5.51 (5.7%)
Stop Loss: 4.96
Stock Summary : POWER closed at 5.21 and is currently holding below the 20-day SMA on the daily chart. The stock finished 4.42% above the lower Bollinger Band. Upper band lies at 5.64. POWER tested an upward trend line in the last trading session and successfully closed above it, establishing positive stance. The 200-day SMA lies around 5.51 which consider the initial target of the price. Upon breakout further upside can be expected.
Recommendation : Initiate buying positions on weakness or near the support zone and set stop loss below 4.96.
