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India Cements Smashes Resistance, Begins Epic Breakout Rally!Get ready for a wild ride, traders! India Cements Ltd. is taking us on a rollercoaster that would make even the bravest thrill-seeker dizzy. Buckle up and let's dive into the price action analysis of this cement stock that's been anything but solid. I. Current Price Action: Price: ₹233.15 Change: +14.55 (+2.12%) Volume: 18,388M (Higher than the number of potholes on Mumbai roads) II. Key Observations: Resistance Breakthrough: After a prolonged tease, INDIACEM has finally broken through the ₹230.15 resistance level, showcasing more power than a construction site jackhammer. 200-Day Moving Average Crossover: The stock has crossed above the 200-day moving average, a bullish signal that could potentially attract more buyers like bees to honey Consolidation Phase: The stock has been stuck in a range, trading between support and resistance, indecisive as a Bollywood villain's motives. Volume Spike: The volume during the breakout is higher than the number of uncles offering unsolicited advice at a family gathering. This suggests conviction in the move, whether you like it or not. Support Zone: The stock is currently flirting with the ₹204.98 - ₹210.19 support zone. If it holds, this could be a juicy buying opportunity for the daring traders out there. If not, well, you might need a stiff drink to cope. Trading Idea: For the risk-takers, buying the breakout could be a tempting proposition. But remember, chasing a stock after a sharp move is about as safe as trying to outrun a raging bull. Set those stop-losses tighter than your budget after a night of revelry. Potential Targets: 🎯 Short-term: ₹250 (As ambitious as your New Year's resolutions) 🎯 Mid-term: ₹275 (Reaching for the stars, or at least the top shelf of the liquor cabinet) Risks: If this breakout fails to hold, the stock could tumble faster than a poorly constructed building. Keep an eye on the overall market sentiment and be prepared to run for the exit faster than a rat spotting the neighborhood cat. Final Thoughts: India Cements Ltd. has finally broken out of its consolidation range, potentially setting the stage for a new uptrend. Will it continue to build upon its gains, or crumble under the pressure? Only time will tell, but one thing's for sure – this stock is keeping traders on their toes more than a Bollywood dance number. Disclaimer: This analysis is about as reliable as that one friend who always claims to have an "inside scoop." Always do your own research and consult a financial advisor before making investment decisions. Happy trading, and may your profits be as plentiful as the stars in the Mumbai night sky! 🚀💰
NSE:INDIACEMLong
by TRADING-NASA
4
🌟A Deep Dive into STARCEMENT: A Classic Case of Buy on Retest📊 Chart Analysis Overview The technical chart of STARCEMENT presents a fascinating tale of consistent trading patterns that can intrigue both novice and seasoned traders. By deciphering these patterns, we can unearth potential trading opportunities. Here's a deep dive into the stock's behaviour on the chart: 🚀 Key Observations from STARCEMENT's Chart Recurring Breakout Retests: One of the most striking features observed in STARCEMENT's chart is the pattern of breakout retests. Historically, after each significant breakout, the stock prices have tended to pull back to retest the breakout levels. This behavior has been a recurrent theme and provides a clear insight into the stock’s momentum. Formation of New Highs: Post-retest, STARCEMENT often manages to carve out new highs. This suggests a strong underlying market sentiment favouring the stock, thereby indicating a bullish outlook in the wake of each retest. Volume Insights: Throughout these phases, an intriguing aspect is the volume dynamics. The volumes recorded during the retest phases are unusually low. This low volume retest of breakouts is classic and indicative of a less aggressive retracement, which is a positive signal for bulls in the market. 📊 Key Financial Indicators Market Position : Prominent with a market cap of ₹8,941 Cr. Debt Status : Nearly debt-free, enhancing its financial stability. Operational Performance : ROCE at 16.8% indicates efficient use of capital. Profitability Issues : ROE is moderate at 10.8%, reflecting average equity returns. 🚀 Strategic Trading Tips Buying Strategy : Considering the historical success of buying on retests, entering a buy trade at current levels could be advantageous. Stop Loss Strategy : To manage risk effectively, it's prudent to place a stop loss just below the significant support marked by a thick red line on the chart. 📊 My thought The STARCEMENT stock chart is a classic example of how consistent technical patterns can offer actionable insights. Given the recurring nature of breakout retests with low volume, coupled with the stock’s ability to forge new highs post-retest, the current scenario suggests a favorable buying opportunity. As always in trading, while the historical patterns can guide us, it's crucial to stay alert and responsive to any new market developments. Lastly, Thank you for your support, your likes & comments. Feel free to ask if you have questions. Remember, every successful trader keeps an eye on the past but focuses on the future! 🌟 Keep trading smart and stay optimistic! Please note that this analysis is for educational purposes only and I am not a SEBI registered analyst.
NSE:STARCEMENTLong
by AfnanTAjuddin
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.
NSE:INDIACEMLong
by virralthakkaar
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.
NSE:HEIDELBERGLong
by virralthakkaar