TECHNICAL ANALYSIS --> INDIACEM is on the uptrend on a bigger timeframe forming Higher Lows. --> INDIACEM has given a breakout of the FALLING WEDGE pattern previously. --> Now INDIACEM is on the verge of breaking out of the BOX CONSOLIDATIONpattern. --> INDIACEM has given consecutive closing above the POC (Point of Control-Volume Profile) and cluster of 9EMA, 21EMA& 50 EMA. --> Stock has tested the top of the BOX RESISTANCE multiple times ,so next time there is a hIgh probablity of breakout.
ENTRY --> Take a postion when stock gives 1 HR closing above 218.50.
STOPLOSS --> SL can be placed below the Breakout Candle at 208.
TARGET --> Target 1 will be around 229 which is a weekly Resistance. --> Target 2 will be around 249 which is the next Resistance near ATH.
@Vishnu-Lokesh target 1 got already achieved right! could be more specific expectations regarding?
Vishnu-Lokesh
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Yes sir please , Hence i had stuck at 230 call entered late at the time your target achieves for an expected target of 249
Roswin-Fernandes
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@Vishnu-Lokesh, Any daily candle closing below 218, then u have to exit! till then u can hold on to the trade! Never chase a trade! , if you have missed an entry then enter on retracement to 9-EMA (daily basis).