Cements
ACC - Multi Directional View waiting for confirmationThe Channel Breakout technique is a simple, robust trading method made famous by the Turtles Traders. It's a profitable pattern favoured by many great traders and money managers. Like the Moving Average Breakout method, the Channel Breakout attempts to catch the early trend.
AMBUJA CEMENTS WEEKLY BREAKOUTAmbuja cements given a breakout on disjoint channel pattern and seems it is gaining volumes for coming bullishness in this stock, one more thing is there that Relative strength indicator is giving bullish signals and gives a breakout on it too.
CAUSE OF LONG-:
1- Disjoint channel breakout.
2- Relative strength indicator breakout.
3- Volume breakout.
4- Combination of breakouts.
India CementsIndia Cements (NSE Cash)
CMP - 168.60
Support - 165 & 158 levels (always consider 10% +/-)
Resistance - 180 & 186 levels
Weekly Charts (Long Term)
20, 50 & 100 DEMA is perfectly aligned
Candles have been taking support at 20 DEMA since 4 weeks now. This means that the 20 DEMA level will not be broken easily.
Clear Uptrend
MACD is in the bullish zone but there is no clear indication of the next move.
RSI is dropping down towards the 50 levels but is currently in the bullish zone.
*Long term investors can start to accumulate India Cements
Daily Charts (Medium to Long Term)
The 20, 50 and 10 DEMA are aligned properly.
Candles are taking support on the 50 DEMA instead of 20 DEMA. This can mean that a little push with big volumes can make a drastic reversal on the upside.
MACD is in the bullish zone but is weak.
RSI has just slipped below the 50 mark. This creates a confusion because the prices could fall if RSI continues to linger below 50 or a reversal can show the stock new highs.
*Investors can enter in long positions here as the risk to reward ratio looks promising.
Hourly Charts (Short to Medium Term)
The candles are very close to the first support of 165 levels so risk to reward ratio here is fantastic but don't forget that there is a major support only at 158 levels.
MACD is showing a bullish reversal. Notice how the red volumes bars are fading and getting smaller and the blue line has crossed the orange one and is heading towards the bull zone.
RSI manages to confuse me here as it is trading sideways in the bear zone below the 50 mark.
*Should wait for a minor dip and make long positions as RSI is the only indicator that is confusing.
15m Charts (Intraday or Positional Trade)
The 5, 10 and 20 DEMA has made a cluster and are on the way to break the downtrend.
The MACD has a strong bullish reversal but is still trading in the bear zone but the volume bars are in the green. This enhances the confidence in the strength.
RSI is still struggling with the 50 mark but positive points beat the 1 negative which is the RSI.
*Investors should wait for a reversal / uptrend confirmation and enter long positions. There is a breakout level at around 195 so if you are patient and can hold on, we might see new highs coming in a few days.
Heidelberg Cement NSE CashScript - Heidelberg Cement
CMP - 238.70
Resistance - 244 (breakout level)
Daily Charts
Current pattern (if any) - A clear uptrend seen in line charts
Candlestick Trend / Pattern - NA
DMA - Bull
MACD - Bull
RSI - Bull
Divergence - NA
Hourly Charts
Current pattern (if any) - Clear Ascending Triangle / Bull
Candlestick Trend / Pattern - NA
DMA - Bull / Neutral
MACD - Bull / Neutral
RSI - Bull / Neutral
Divergence - NA
Intraday Charts
Current pattern (if any) - NA
Candlestick Trend / Pattern - NA
DMA - Neutral / Bearish
MACD - Neutral
RSI - Neutral
Divergence - NA
Final View - Trading quite close to the breakout level. We will buy small qty now and add more if there is a dip.
shreecemets weekly levelsMagic Lines:
All supports are not for buy level. As like all resistance are not for sell levels
After long research and back testing we find which S&R is for sell level & which S&R is buy level.
In that result we give the pure intraday levels in charts.
BLUE LINE ARE BUY LEVELS
ORANGE LINES ARE SELL LEVELS
IF OPENING 15MIN CANDLE TOUCH BLUE LINE GO FOR LONG/ IF OPEING 15 MIN CANDLE TOUCH ORANGE LING GO FOR SHORT.
There are 10 different pattern for getting entry in market with this line if anyone interested please command below ...
#IndiaCem @ 121 | Monthly | H&S under 'construction' Though R.Damani has picked up a stake... but chart pattern is depicting another story. It may take a few months more to develop into the full structure.
So if considering long term, please be on a cautious note till the pattern negates.
Head & Shoulder in the making!
MyAlgo: xRWave-Blaster: Intraday call:14Jun-INDIACEM-LongBased on my "xRWave-Blaster" predictive trading methodologies, its going to be a GREEN candle on 14-Jun-2018 for INDIACEM
Buy Above(5Min candle close): 120.4 for targets -
T1: 121.3
T2: 121.8
T3: 122.4
SL: 119.4
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
My PredictiveEngine's Intraday call(14-May-18)-INDIACEM-LongBased on my PredictiveSystem's signals, its going to be a GREEN candle on 14-May-2018 for INDIACEM
Buy Above: 137.6 for targets -
T1: 138.6
T2: 139.3
T3: 139.9
SL: 136.5
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
Ambuja Cements : Bullish Bat pattern completionI don't know why its raining patterns everywhere... Just one short caution : Trade patterns only if you are well-versed with it and if you know its success ratio.
We got bullish bat pattern completion in Ambujacem exactly in support zone ,similar one we got in ashok leyland also. GSTbill looks good for cement and auto's, so I'm expecting gapup, though in Nifty I expect Gap down bcos of profit booking (sell on News) & .
Happy Trading !