Short Term Bet on Sagar Cement (Swing Trade)

17 lut 2023

Sagar Cements is engaged in the business of manufacture and sale of cement. The company manufactures Ordinary Portland Cement, Portland Pozzolana Cement, Portland Slag, Composite Cement, Ground Granulated Blast-furnace Slag, Sulphate Resistant Cement, etc
The company has manufacturing capacity at five operational locations, which include our grinding units and recently commissioned units at Jeerabad and Jajpur in Madhya Pradesh and Odisha. With a total captive power capacity of 66.85 MW, 4.75 MTPA Clinker capacity, and 8.25 MTPA Total cement capacity.
Sagar Cement looking good on chart, MACD Crossover, Bullish Price Action, Trendline breakout these all indicating Positive moves. i have gone through fundamentally but that is not showing much attractive numbers but still, according to technical analysis one move can come for upside which can lead this stock to 300 levels.
So if anyone wants to go for swing trade, go with levels right now it is trading at 226 you can start buying from here also and if you get some more down levels like 200-210.. and keep stop loss which i written on chart. follow strict stop loss.

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