Prices for a variety of critical commodities are rising, wreaking havoc on the average person.
Car, cement, petrol and housing prices are are all on the rise, adding to people's troubles.
But what can one do when lemon begins to cost ₹300-₹400 per kg.
Over the last few weeks, the price of lemon has touched unprecedented highs with a single lemon retailing between ₹10-₹15 in most markets
How much Lemon is Grown?
The fruit is cultivated in orchards that cover a total of 3.17 Million Hectares throughout the nation. Lemon trees flower and gives fruits three times a year.
Let's analyze Cement Sector in India and also check few companies with respect to their Relative #Valuation.
This learning Thread 🧵will give you detail information on #Cement Business Future outlook.
Like ❤️and Retweet 🔄 for more such learning thread in the future.
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#India is the second largest producer of #Cement in the world.
It accounts for more than 7% of the global installed capacity. India has a lot of potential for development in the infra and construction sector and the cement sector is expected to largely benefit from it.
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Major Cement Companies in India are:
⚡️Ultra Tech Cement
⚡️Shree Cement
⚡️Ambuja Cement
⚡️ACC
⚡️Dalmia Bharat
⚡️JK Cement
⚡️Ramco Cement
How to Spot False Breakouts ? ⚡️
I am sure every trader over here has fallen prey to False Breakouts, in this thread we will tell you to how to identify a False Breakout and how to safeguard your Capital.
If you like this, a Like & Retweet will be much appreciated! ❤️
First let's understand,
What Exactly is a Breakout? ⚡️
A point when the stock’s price moves above resistance or below support. When a stock exits the boundaries of an area pattern, or rises above or below support and resistance lines.
A technical analysis term, used to show a rise in a stock’s price above its resistance level (such as its previous high price) or drop below its support level (commonly the last lowest price.)
WHAT IS ORB ?
The most basic form of defining the range is to use the high/low of the previous day close and the high/low of the first 15/30 minutes of the open.
Here we will use the range definition using the previous days close high/low and the first 15 minute high/low.
Here range is defined as the open/high/low/close of first 15 minute candle. Usually in instruments like NF/BNF 15 min is the best timeframe tried and tested.
Usually this strategy will give a lot of whipsaws but the key here is to be consistent and take trades that popup.