Ambuja 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-...
Well, no words jus charts ...... pure analysis + cement skyrocketing ... positional trades are getting open here :)
Do trade with small risks :) good luck
India 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...
Magic 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...
it is showing strength wrt NIFTY, and it has also broken a year long trendline which was honored several times. a minor pullback would be good for a long trade.
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!
Based 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...
Based 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...
I 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...
