Get started

Cementstocks

AMBUJACEM- Bearish Harmonic SELL!Attached: Ambuja Cements Hourly Chart as of 21st April 2023 Price is heading Down on its Way to Meet the Harmonic Pattern Targets (SELF EXPLANATORY just see Chart for levels) Some other Points to also note are as follows: - Hourly MACD in Sell and below 0 line - Hourly RSI below 30 and Oversold (as it should be in a Bear Trend) - 20 Hour EMA below 50 Hour EMA and in Sell Mode (blue and red ma) - Price has broken below 200 Hour EMA (black ma) All these are characteristics of a Bear Trend
NSE:AMBUJACEMShort
by T_Harth
Cement Stocks in DANGER!🩸Attached: Custom Cement Index/ Nifty 50 Daily Chart as of 21st April 2023 (Note: The above Chart is my Custom Cement Index made up of all the F&O Cement Stocks and this is the Ratio/ Relative Strength Chart version of it, against Index Nifty 50. This gives us an idea of the Relative Strength of the Cement Stocks and used to find out whether they are likely to Outperform or Underperform.) Observations as follows: Price based: - A Clear Double Top Breakdown on the Ratio Chart with Break of Support accompanied by Bearish Power Candles!🩸 - The Ratio was in a Down Trend prior to the Range that formed. Presently the Ratio has rejected from the High of the Range and can head to the Low of the Range - If you Zoom Out on this Chart or go to the Weekly TF, a Bear Flag/ Wedge Pattern is also visible Indicator based: - Daily RSI is now in Oversold (below 30) territory indicating a Strong Bear - Daily MACD which was already in Sell has crossed below the 0 line - DMI is in Sell and ADX may start to turn up All the above Observations signal that the Cement Stock Basket is likely to Underperform🐻/ are Potential Short Candidates📉 ! Some names that have Short Setups are: ACC, AMBUJACEM (already shared in my Related Ideas), ULTRACEMCO, GRASIM, JKCEMENT
NSE:ACCShort
by T_Harth
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