As we can see india cement is forming triangle pattern as same as VEDL formed last month and gave breakout above 248 and now trading around 280 which means it has given more than 12% return in one month Is india cement will repeat the history of VEDL?
Penenat breakout in a bullish trend is observed on daily charts. Longs can be initiated with a immediate target of 233(1 week). SL 214.
Disclaimer:I am a novice at charting and this chart is purely for educational purpose. Views and opinions are welcome
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 ...
all southern based company showed tremendous sales volume even in demonetisation , india cement one of them , fundamentally very strong, technically as u can see trend as well as volume both suggest a fast move till 200, hold with 165 sl
It is been observed on Daily and Weekly Chart that the price action breaks and closes above the resistance level of o 165 levels on daily and weekly chart indicating further bullish move up.
I believe the stock shall further move up to 180-200 levels within few months.
I shall be updating a trade once I see a good opportunity to enter again with right risk and ...