INDIACEM trade ideas
India cement missed the rallyIndia cement missed the rally doubled in just 2 months.
Chart is self explanatory. Please follow the price action & take the trade as per your appetite.
The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research.
Request your support and engagement by liking and commenting & follow to provide encouragement.
India cement broken historic highHello👋
Today I have studied India cement stock
Stock currently in bullish momentum.
Plz go through my chart analyst.
Cup & handle breakout plus retest to trendline ... strong volumes, momentum upside, trend positive, stock has broken it's 2007 high.
I'm not sebu register analyst, plz DYOA. No buy / sell recommendation.
Thank you🙏
India cement long term breakout & trendIndia cement has good weekly breakout first immediate target is 325. Then monthly basis candle will have breakout too. Has big target. Say almost double from here. W pattern in weekly timeframes as well as in the monthly timeframe also good reversal after W pattern formation.
India Cements: 16-Year Breakout and Strong Technical MomentumHere is the multiyear breakout for NSE:INDIACEM
Technical:
Massive 16-year breakout
Strong rally
High volume / above-average volume spike
NSE:INDIACEM
Fundamentals:
Impressive gross profit margins
Prominent player in the construction industry
Liquid assets exceed any obligations
Conclusion:
India Cements is a strong buy due to its significant long-term breakout, solid technical momentum, and robust fundamentals. The stock's impressive gross profit margins and financial stability
Golden Crossover - INDIACEM📊 Script: INDIACEM
📊 Sector: Cement
📊 Industry: Cement
Key highlights: 💡⚡
📈 Golden Crossovers are seen into this Script.
📈 Golden Crossover is where slow moving average line crosses fast moving average above.
📈 Although Script is trading at All Time High we may see some bullish rally.
⏱️ C.M.P 📑💰- 310
🟢 Target 🎯🏆 - 329
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
INDIACEM 02-04-2024Happy learning with trading. I just shared my view. If correct give me one like. If not correct me.
Points to Note:
1) bounce from support area an possible to reach target 1 and 2 in short term if breakout happens and sustain.
2) Chart looks good.
Disclaimer:
I am not a Registered Analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
Aditya Birla group's latest addition.NSE:ULTRACEMCO purchased all of Radhakishan Damani's stake in the co and may move for larger stake in the entity. NSE:INDIACEM is one of the largest cement players in Southern India and had been in interest of many due to low promoter holding. This might be another attempt for hostile takeover of the company but one thing is for sure Srinivasan family will not bow down to money. But anyway, new partners will surely help the business grow and stock is ready to move beyond its 15 year old highs.
INDIA CEMENT (MONTHLY CHART)(i) Ascending tringle breakout
(ii) Near Rounding pattern breakout after 18 years Resistance.
(iii) Idea is here any one considered on current price for first target to 400 and maintained SL Rs.260.
(iv) Stock approaching RS positive on daily chart
(v) RSI in DWM is above 60 which is shows stock is Bullish. Volumes are high.
(iv) According to my understanding the final target as per pattern may be 550++
(v) Since, this is monthly chart, so time frame for target is 6 to 12 month.
Disclaimer: This is only for educational purposes. Not recommended any buy or sell. Before investing, may be consult your SEBI registered advisor.
INDIACEM - Weekly falling wedgeIndia cement is trading at Supply demand confluence zone.
It is currently making a falling wedge pattern on weekly charts which is at 50 % retracement levels from all time low to all time high.
RSI is also showing positive divergence.
Possibility of making a weekly double bottom with neckline breakout placed above 195.
Already made higher bottom on last weekly candle with respect to 27th March weekly candle
Risk to reward looks in favour of longs here with small downside risk
India Cements Smashes Resistance, Begins Epic Breakout Rally!Get ready for a wild ride, traders! India Cements Ltd. is taking us on a rollercoaster that would make even the bravest thrill-seeker dizzy. Buckle up and let's dive into the price action analysis of this cement stock that's been anything but solid.
I. Current Price Action:
Price: ₹233.15
Change: +14.55 (+2.12%)
Volume: 18,388M (Higher than the number of potholes on Mumbai roads)
II. Key Observations:
Resistance Breakthrough: After a prolonged tease, INDIACEM has finally broken through the ₹230.15 resistance level, showcasing more power than a construction site jackhammer.
200-Day Moving Average Crossover: The stock has crossed above the 200-day moving average, a bullish signal that could potentially attract more buyers like bees to honey
Consolidation Phase: The stock has been stuck in a range, trading between support and resistance, indecisive as a Bollywood villain's motives.
Volume Spike: The volume during the breakout is higher than the number of uncles offering unsolicited advice at a family gathering. This suggests conviction in the move, whether you like it or not.
Support Zone: The stock is currently flirting with the ₹204.98 - ₹210.19 support zone. If it holds, this could be a juicy buying opportunity for the daring traders out there. If not, well, you might need a stiff drink to cope.
Trading Idea:
For the risk-takers, buying the breakout could be a tempting proposition. But remember, chasing a stock after a sharp move is about as safe as trying to outrun a raging bull. Set those stop-losses tighter than your budget after a night of revelry.
Potential Targets:
🎯 Short-term: ₹250 (As ambitious as your New Year's resolutions)
🎯 Mid-term: ₹275 (Reaching for the stars, or at least the top shelf of the liquor cabinet)
Risks:
If this breakout fails to hold, the stock could tumble faster than a poorly constructed building. Keep an eye on the overall market sentiment and be prepared to run for the exit faster than a rat spotting the neighborhood cat.
Final Thoughts:
India Cements Ltd. has finally broken out of its consolidation range, potentially setting the stage for a new uptrend. Will it continue to build upon its gains, or crumble under the pressure? Only time will tell, but one thing's for sure – this stock is keeping traders on their toes more than a Bollywood dance number.
Disclaimer: This analysis is about as reliable as that one friend who always claims to have an "inside scoop." Always do your own research and consult a financial advisor before making investment decisions. Happy trading, and may your profits be as plentiful as the stars in the Mumbai night sky! 🚀💰