SWING TRADE IN ACC CEMENT(CONDITIONAL) AUG FUTSWING TRADE IN ACC CEMENT(CONDITIONAL)
RANGE BREAK-OUT POSSIBLE
ASCENDING TRIANGLE WITH HIGHER LOW FORMATION
CONDITIONAL BUY
BUY@1651-55(ABOVE 1650 ON CLOSING BASIS)
STOP@1638
TARGET@1680
LOT:400
QTY:2
Cement
ACCIf it breaks 1600 then next resistance level will be 1900. SL -1600. Stock has broken flag pattern
1) Stock has been in uptrend for last 2 months
2) Half yearly results were better than other competitors
3) Trades cheaply as compared to other players in the sector due to older and less efficient cement plants
4) SC allowing pet coke import will improve the margin
ultracemco , weekly trade set upwill like to stay long in the counter considering the risk reward ratio !
India Cement Long @154-156We can see that at every attempt to break the zone of 155 INDIA CEMENT is getting stronger. So in the third attempt in a 30 minutes chart we can see buyers taking control. On a daily chart 154-155 was a resistance zone which will be broken.
you can buy cash, future or call option . Target 164.
Watchout JK Lakshmi cementInitiate BUY add on dips upto Trendline.
If stocks takes support from Trendline/100 MA, invest for 30-40% gains in short term.
Maintain SL of 400
Ultratech Cem, Weekly AB=CD in process. NSE:ULTRACEMCO Weekly Chart. AB=CD in process. Stock above safe buy zone. But seeing the previous wave this trade seems risky. Enter with small quantity. Stop loss below C zone (3783). Target D level = 5200+ By end of Feb 2018.
Ultratech BUY setupUltratech has closed above the trend line and 13wk moving avg (as there are 13 weeks in a quarter) on weekly chart indicating strength.
We can expect it to gain some momentum in the coming weeks
T1: 4500
T2: 5100
SL: 3940
JK Lakshmi Cement, Go Long only above 485. Stock bouncing from "C" Level. But buy only above blue square box ( 485) with target of 600+ . Stops below 410. PRZ (Possible reversal zone 640/660)
Ambuja Cements : Sweet Spot Entry ?!We can clearly ascertain from the chart, Ambuja cement is resting on 61.8 line, trying to breakthrough, seems it's weak effort. Am expecting fresh bullish momentum to upside reaching around 250's zone with stops around 238's.
If you go more keen on 15mins you can see channel's in Ambuja, As I usually say try as per your plan, just giving out one of the ways here for Entry. You can try any method over it, if you are not well versed with channels, Go for pullback's. Have you noticed with single chart we get 3 types on entry ? there may be even more, but it depends on what method you are using.
The Sin commited by most traders here is combining all these 3 or trying more n more combo methods in name of finding high probability setup but they never realize the fact that, they are just spoiling their trade plan. Keep it simple , just stick to 1 or 2, Never confuse yourself & avoid trying to look for more & more confirmation's.
Ultratech ChannelUltratech Channel and a trend line observed on hourly chart. Please use this as a reference for your trades.
Its raining Double bottom's - Heidelberg cementAfter Nifty and Titan completing successful double bottom's as per my earlier post's , it seems to be Heidelberg Cement's turn to follow suit.
Perfect double bottom pattern formation although still not confirmed on closing basis. It made a high above the peak of 123.45 . RSI & MACD both showing postive divergence on daily charts make this stock to be put on radar tomorrow.
Target price : 139
Stop loss : 112
Cement sector opportunitiesUltratech has lost 25% of its value in the past two months due to the demonetization impact. I am long on this stock since fundamentally it is a good stock but in the short medium term it will see some selling pressure. With a P/B of 4, these current dips presents good buying opportunities.
Technically note the strong support at 3100 and 2600 levels for this stock and weakness in the RSI indicator. It may be an opportunity to keep adding on dips like it is seen currently.
UltraTech Cement BUY near 3935?If this trend line is valid then can Ultratech Cement be bought at around 3935?
