INDIACEM - Trend line break outNSE:INDIACEM has broken above its 6 month down trendline.
Go long above 190.30
T1 - 198.20
T2- 210.30
T3 - 226.60
SL - 176.20
INDIACEM trade ideas
#INDIACEM - Downward-Sloping Channel INDIACEM is on the verge of breakout above falling channel on daily chart. It needs to sustain above 186-188 for confirmation of uptrend.
INDIACEM Falling Wedge BreakoutINDIA_CEMENT has been moving in a falling wedge for a year now. Made a strong legup to reach the edge of the wedge.May FLag_up a bit before reversal or breakout
india cements triple bottom it has formed a triple bottom at 169 with the top at 179 so the target can be put for 195-200 with stop-loss around 175
India Cement - Double Bottom.Bounced From Double Bottom.
Support Zone.
RSI Divergence.
Price Ready To Cross EMA.
Buy Above Given Levels Only.
Positional View.
Other Details mentioned in Chart.
I am not SEBI Registered Financial Advisor.
#INDIACEM - Short-term Doublebottom formationINDIACEM has formed short-term doublebottom on daily chart and looks like is on the verge of breakout along with 50 SMA.
Possible upside.....Explained in chart.....
Disclaimer:
All my post are for educational purpose,non-advisory & non-directional.....
INDIA CEMENTS a good stock for range tradingstock has just moved above its crucial level of 172.90 which is the weekly support level as well as a crucial daily support
Watch the RSI indicator closely as the stock has formed a new support at 164.25
Currently by the looks of it one can say that the stock might be trading in a "RECTANGLE"
Levels between 164 to 196 indicators suggest that
Indicators
macd gaining little bit of positive momentum
Rsi has bounced from its oversold zone perfectly
50-weekly moving average is currently at 168 which the stock crossed this week
"TRADE VIEW"
One can execute a long position in this stock at current levels
with a stop loss @163.25 for a target of 195
INDIA CEMENT - LONGIndia cements is near to his support of 164 Rs Good to buy in 164-170 Range spot will come around 158 and tgt 185 and 198.
A break of 198-200 will make 218 and 224 possible.
Not a certified analyst, please take financial advisor help for investing.
Positional long @ 170 | SL 150 | T1: 220 | T2: 255Start accumulating near 170-60 range with 150 SL. We could see targets of 220 to 255 targets
Where are you Going ?This stock thinks i dont know where its going , he he , Look for pull back to enter and ride till Target
there are two possible pull back one will be shallow and then rise quickly , another one will be little deep then rise quickly
enter on reversal near that Area
Good Luck
Regards
INDIACEM "CSK Back for 200"Buy Indiacem at CMP add till 176 with the stoploss close below 170 for 200 Target.
Happy trading
India Cement is near support zone of 190. Weak Below 189 Stock is near support zone of 190. Below 189 Bear will have upper hand .
India Cement - Symmetrical TriangleINDIACEM on verge of giving break out, one can buy for target of 185 & 190. SL 178.
INDIACEM- TRIANGLE BREAKOUT.Buy above 181 with a stoploss of 179 Target- 183,185,188, Sell below 178 with a stoploss of 180 Target- 176,173,170
Indiacem Cementing “Double Top”Targets : 180-166-156 Sell range : 190-195 Stoploss : 228 Duration : 4-5 weeks
Outlook :
After a second failed attempt to breakout from a previous highs of Rs 226.25 (Touched in mid of May 2017), Indiacem has now corrected resulting into break down from a support trendline joining from 105.10(December 2016), 153(March 2017) and Midpoint levels of 179 (May 2017).
This week, the stock also broke the recent lows of on the back of healthy volumes, which indicates that selling was intense and the stock looks set to continue the next leg of its downtrend.
However, the breakdown from 179 on the lower side would trigger “Double Top” pattern, one should wait for one bar closing below the above said levels to trade this pattern.
Other technical indicators like 5 EMA has crossed below 20 EMA, Three black crows Candlestick pattern was formed till previous closing,14-Day RSI is sliding downwards, stochastic indicator is trending down.
We believe the stock has the potential to move lower in the coming weeks as it attempts to test its previous intermediate lows of 179. We therefore recommend a Sell at CMP and selling more on any rises. Our entry levels, along with stop loss and targets have been mentioned above.
INDIA CEMENT 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?
INDIA CEMENTS : SIDEWAYS WITH MILD BEARISH BAISIndia Cements has been in an excellent Bullish Channel for a Long Time now.
Prices are moving in a sideways Channel forming a Triple Top & Ascending Triangle Formation.
However, formation of a Triple Top & confluence of other resisting Trendlines gives us a short-term mildly bearish view.
Sell for Targets of 194/179 levels.
Stop Loss at 214.
