INDIACEM trade ideas
India Cement Cup n Handle FormationIndia Cements looks to form Cup n Handle Pattern..
CMP 93
Target 96/98
Sustaining 99.5 can see 102/105/107+
Sl 88
INDIA CEMENTS Resistance Breakout INDIA CEMENTS has broken out of a strong resistance level .
Levels are mentioned in charts .
India Cement Possible Inverse Head & Shoulder PatternIndia cement Bounced nicely today from 89 area. Which was the bottom of left shoulder too.
A Retest to 89 area is possible and stock may form right shoulder in this week.
Short term target is 99 which happens to be the neck line and if The Setup play out, Target is 115+.
Watch out for the Inverse Head & shoulder pattern which indicates the bottom for India Cement.
INDIACEM Inside Bar TradeBuy it it breaks PDH with a stop-loss at PDL
Sell if it breaks PDL with a stop-loss at PDH
india Cement Nearing Buy ZoneStock may Bounce from here because its down 18% in last 1 week. Stock trading in the descending channel and should bounce from the trendline shown in the chart. Buy now or wait for flash buying opportunity between 79-80.
India Cements Bounce Bet - Inside BarLong if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Last time the high of the candle being 100.9 didn't trigger because it reached up to 100.75 only. Let us give it one more try.
India Cements Bounce BetLong if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
India Cements short term view- BullishRefer chart. Indicators also slowly turns positive(ADX loosning negative bias,weekly MACD crossover,weekly CCI and others). Anyhow better to buy above 125. Refer chart for other details.
Vijayaraghavan.K,
Kovilpatti.
