📊 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...
India 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...
NSE:INDIACEM
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
NSE: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...
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...
TRENDLINE
1)Wait for the Trendline breakout to take entry
2)The expected breakout is upperside
3)Targets have been marked in chart
note: ** trade should be taken only after the 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.
#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...
Daily 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...
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.
