INDIACEM trade ideas
Bullish Crab/Parallel Channel/3LR Good RR TradeBullish Crab pattern is developing at the lower trend line of the parallel Channel. It is showing strength as 3LR bar is formed. RSI is also coming back from oversold zone. All these suggests a trade with good probability of target
Entry 128
SL 122
Target 146
RR Ratio 3
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Long after Brake out & Retest As it is the correction is completed based on HTF , and now they have to make an indication weather they would like to Jump out form this Correction or would like to continue for few more points before turning ,
its tricky part because Correction is completed but company is facing Raw Material supply issue and other Fundamental compliance
One can Look for Price to Brake out form current structure and give retest of Brake out , and can look for entering long for Long term holding
Stop i would suggest brake out candle low
My PredictiveEngine's Intraday call(14-May-18)-INDIACEM-LongBased on my PredictiveSystem's signals, its going to be a GREEN candle on 14-May-2018 for INDIACEM
Buy Above: 137.6 for targets -
T1: 138.6
T2: 139.3
T3: 139.9
SL: 136.5
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
India Cement Long @154-156We can see that at every attempt to break the zone of 155 INDIA CEMENT is getting stronger. So in the third attempt in a 30 minutes chart we can see buyers taking control. On a daily chart 154-155 was a resistance zone which will be broken.
you can buy cash, future or call option . Target 164.
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.