India Cements Reversal TradeNSE:INDIACEM is looking good for a reversal trade as it bounced back from key levels which were the previous breakout zone where good buying was seen with Huge Volumes post the news of NSE:ULTRACEMCO acquisition.
About:
NSE:INDIACEM 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 with the core business. The co is also a sponsor of the IPL franchise “Chennai Super Kings”.
Trade Setup:
Could be a good Positional Trade with Buy on Dips Approach that May Retest the Breakout Zones again and then go upwards thereafter as MACD starts Trending Upwards.
Target(Take Profit):
Around 335 Levels or Falling 100 DSMA.
Stop Loss:
Entry Candle Low or The Key Levels Marked.
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This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Indiacements
BULL FLAG PATTERN IN INDIA CEMENTS - POSITIONAL LONG TRADESymbol - INDIACEM
CMP - 353
India Cements is forming a Bullish Flag pattern after a good run. It is consolidating at higher levels & buyers are looking strong & not giving up. Breakout of this Flag pattern can lead the stock price towards 650 which is approx. 90% upside from current price. I have made a long position at CMP and will add more position around 390, which is breakout zone. Stoploss I am following is 330.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Getting Accumulated Making A Flag and PoleNSE:INDIACEM is getting Accumulated and Making Flag and Pole Patterns a Breakout on the Upside we see a Swift Swing Trade. Keep in Radar.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
INDIA CEMENTS BREAKOUTIndia cements seems bullish on weekly chart giving a good close by breaking down trendline resistance the volumes are looking also so good in comparison of so many last weeks so we can see a good upside in this stock although we have to take a must view on Indian indices for next week before going a long in it.
india cements can give multi year breakoutfor exit or stop loss hekinashi would be preferable as better we follow trend ,we can see how price acted in previous years and now price is over 200 dma where the bull run takes place if all time high is broken stock can move further higher
and intresting fact is damani owns around 22 - 24% and can open offer anytime and this is under valued company compared to other cement companies
& india cements current owner actually take over the company in the psat from another promoter , so this time may be damani take overs this
INDIACEM - Ichimoku Bullish Breakout Stock Name - The India Cements Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 206
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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#indiacement support levels NSE:INDIACEM
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
India Cement Chart Analysis !!📈 India Cement 📉
This Stock Broke out from a Resistance zone of 210-215 after testing two times this range on upside with a strong green candle. If you look closely this resistance also use to be a support in Jan Fab. So It makes this a Strong breakout.
Bias - Long
Target - 231, 254
SL - 205
RR- 1 : 2
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
#IndiaCement Support Level NSE:INDIACEM
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.