Golden Crossover - INDIACEM📊 Script: INDIACEM
📊 Sector: Cement
📊 Industry: Cement
Key highlights: 💡⚡
📈 Golden Crossovers are seen into this Script.
📈 Golden Crossover is where slow moving average line crosses fast moving average above.
📈 Although Script is trading at All Time High we may see some bullish rally.
⏱️ C.M.P 📑💰- 310
🟢 Target 🎯🏆 - 329
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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INDIACEM
INDIACEM - Weekly falling wedgeIndia cement is trading at Supply demand confluence zone.
It is currently making a falling wedge pattern on weekly charts which is at 50 % retracement levels from all time low to all time high.
RSI is also showing positive divergence.
Possibility of making a weekly double bottom with neckline breakout placed above 195.
Already made higher bottom on last weekly candle with respect to 27th March weekly candle
Risk to reward looks in favour of longs here with small downside risk
INDIACEM | Swing Trade📊 Details
India Cements Ltd is a leading cement manufacturing company headquartered in Chennai. It was incorporated in the year 1946 by Shri S N N Sankaralinga Iyer and Sri T S Narayanaswami. While retaining cement over the years as its mainstay, India Cements has ventured into related fields like shipping, captive power and coal mining that have purposeful synergy to the core business. The co is also a sponsor of the IPL franchise “Chennai Super Kings”.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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INDIACEM--> FALLING WEDGE BREAKOUT + BOX CONSOLIDATION BREAKOUTNSE:INDIACEM
TECHNICAL ANALYSIS
--> INDIACEM is on the uptrend on a bigger timeframe forming Higher Lows .
--> INDIACEM has given a breakout of the FALLING WEDGE pattern previously.
--> Now INDIACEM is on the verge of breaking out of the BOX CONSOLIDATION pattern.
--> INDIACEM has given consecutive closing above the POC (Point of Control-Volume Profile) and cluster of 9EMA, 21EMA& 50 EMA .
--> Stock has tested the top of the BOX RESISTANCE multiple times ,so next time there is a hIgh probablity of breakout.
ENTRY
--> Take a postion when stock gives 1 HR closing above 218.50 .
STOPLOSS
--> SL can be placed below the Breakout Candle at 208 .
TARGET
--> Target 1 will be around 229 which is a weekly Resistance.
--> Target 2 will be around 249 which is the next Resistance near ATH.
Roller Coaster Day for Nifty, Closing will be very Important.Good Morning,
Get Ready for a Roller Coaster Day.
Just like we had stated in the earlier week, we did witness that the Market has been consolidating between the levels of 17700-17900.
In addition to which, however, the index managed to give a closing of above 17700, on the last trading day. Which, altogether was a good sign for the Market and its Participants.
So, for Today, it will be suggested to watch out for the closing of Nifty and to be Cautious as today will be a Roller Coaster Day.
Moreover, This week’s 8 ke Thaat includes the following 8 picks:
CASTROLIND, INDIACEM, NATCOPHARM, ZEEL, TATACHEM, SPARC, CANFINHOME and COROMANDEL.
Regards,
Alok Daiya
India Cements on verge of breakout...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
#RAMCOCEM CMP1024 #TARGET 1152 #RAMCOIND #ITDCEM #SHREECEM #Iot#RANCOCEM
NSE: RAMCOCEM
Short Term Quick Profit
CMP 1024.30
Target 1152
SL : 977
Timeframe < 60 Days
Can hold for longer time
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
#STARCEMENT CMP114.60 #Target 126.75 #Cement #Industrial #NiftyDaily Chart
#STARCEMENT
NSE: STARCEMENT
Short Term Quick Profit
CMP 114.60
Target : 126.75
SL : 109
Timeframe < 30 Days
Can hold for longer time
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections and then higher highs again.
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
India Cements - Good levels to come ?Stock has ben able to break Trendline coming from 2007. If stock breaks the resistance zone respected since 2017 then it can reach the next resistance area of 224-225 in few sessions
If stock breaks and closes above 208 on daily TF then can target for swing - 225, 235 levels.
#RAMCOIND 13% $return #RAMCOCEM #ULTRACEMCO #ACC #SHREECEM #STAR#RAMCOIND
NSE:RAMCOIND
CMP: 282.50
Target: 320
Stop Loss: 254
Time Frame: Approximately 2 months.
Factors:
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Higher Highs & Higher Lows.
Breakout above RESISTANCE levels
Trading at SUPPORT levels
Fundamental are strong.
Earnings report & quality strong
EPS Positive
Risk Return Ratio is healthy.
And
Rising from the Bottom to V Shaped Pattern to Flag Pattern forming
The stock might cross its all time high.
Compare with peers
NSE: ULTRACEMCO
NSE: RAMCOCEM
NSE: ACC
NSE: SHREECEM
NSE: INDIACEM
NSE: JKCEMENT
NSE: JKLAKSHMI
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
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.