GRANULES: In LOWER Band of Molti-Year Parallel Channel.All mentioned & plotted on Chart.
Multiple BOTTOM @ 102 to @ 98 zone. Though Closing above @ 100.
traditional Indicator & Oscilators => OverSOLD
Notice also in Daily timeframe.
Disclaimer: Take this information as study/education purpose only.
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Triplebottom
India Cements ,Weekly , Confluence of factors suggesting LongNSE:INDIACEM On weekly charts ,there is a breakout from flag pattern and triple bottom has been confirmed.
the pullback of the flag coincides with 50% fib retrace.
Long positions may be initiated at a throwback to the flag or after consolidation breakout on lower time frame .
Its trending above its 200,62 and 13 period EMA and after bullish crossover of 13,62 EMA has taken support on 62 EMA.