Can go long in INDIA CEMENTS because of the following reasons:
Range breakout with 2x avg volume.
Trend Line breakout.
Flag Formation Breakout.
Target - 230
Entry - 203
Stoploss - 187
It seems bullish because of the following reasons:
1-year Trendline breakout
Index(Realty) has given the range breakout
Price trading above 200 MA and MA is trending
Lower high price action
Inverse Head and Shoulders
This pattern forms after an extensive downside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bear rally in which the volumes are quite large.
At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the...
Stock has broken its previous resistance and has closed above its previous swing high of 768.
In case stock is coming for retest, Immediate support can be found at 755-745 levels.
For further upside movement, stock has to close above 785.
Stop loss can be placed at 730 for risk averse and for risk takers, SL can be 690.
Overall analysis is given in the...
From few months stock was trading in a sideways channel, now it has given breakout with good volume.
If we observe short-term chart, stock has already given a symmetrical triangle breakout for which final target is not yet achieved.
We can expect a good upside momentum if price closes above 905.
830-845 levels should act as strong support. Considering the...
