Indiacement
India Cement share on bullish mode.share of india cement on daily chart is in momentum & try for the BO level of resist.zone , Can take long entry above the price of 118 for the next target level of 125-130. SL level is 109. RSI is also showing +VE divergence . Volume of the stock is also good. So add the stock in your watch list to see the price action movement .
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#IndiaCem @ 121 | Monthly | H&S under 'construction' 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!
ACC KEY LEVELS SUPPORT AND RESISTANCE 13/04/2020Key Levels for Stock :
Upper Breakout~1009.55
First Target~1021.85
Interim Resistance~1035
Final Resistance~1052.25
**Lower Levels**
Lower Breakout~991.45
First Target~979.55
Interim Support~966.80
Final Support~946.60
Please trade with caution and consult your financial adviser before trading.
IndiaCem Buy Setup!IndiaCements Stock looks good after a 50% retracement from the recent rally. The stock could start going higher from current levels or retrace a little more till 61.8% fib levels and then going higher towards the target of 95 and 100. Keep a stoploss just below 75 levels.
#indiacements #nifty50 #nseindia #bseindia