The weekly chart pattern of India cements suggests formation of a cup and handle pattern. The huge volumes which accompanied the move in the stock were highest since December 2020 and add further weightage to this breakout. Positive divergence on RSI, cup and handle pattern, volume growth, golden cross, tell rest of the saga about the bulls.
India 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...
India Cement is on the verge of breaking out symmetrical triangle on monthly charts. Are you ready for fast and furious move for target of 485.
India Cements has given breakout from triangle pattern on daily chart. Volumes were 3X on the day of breakout. Continuation of breakout seen today Try to go long in India cements between 125-127 for targets of 135-138 and SL at 122.75.
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!
All details available on chart. DO CORRECT ME IF SOMETHING'S WRONG!!
POSITIONAL LONG ON INDIA CEMENTS FEB FUT MORINIG STAR DOJI BUY@80 STOP@76 TARGET@88 LOT:3500 QTY:1
SWING TRADE IN INDIA CEMENTS JAN FUT BUY@84.5 STOP@83.25 TARGET@87.5 LOT:4500 QTY:1
Buy at this level. Refer the chart for target and stoploss. Vijayaraghavan.K, Kovilpatti
SWING TRADE IN INDIA CEMENTS SEPTEMBER FUTURES RANGE BREAKOUT 122 DAILY SUPPORT A CLOSE ABOVE WILL LEAD TO TARGET OF 132 BUY@124.5 STOP@121.5 TARGET@130 LOT:3500 QTY:1
INDIACEM short pull back keep watch and trade safe Enter Below 117.20 Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such...
It is been observed on the daily chart that the price action is forming a bullish Harami candlestick pattern formation at the strong support zone indicating a bullish move ahead. Bullish Harami forms with a gap up opening from the previous low and that gap is not covered during the day, which exactly happened in the price action today, indicating a strong...