INDIACEM trade ideas
INDIACEM zonesHi! I trade NSE stocks using Demand and Supply zone strategy, mostly in Weekly time frame.
Here's a trading plan for INDIACEM
Weekly location: Equilibrium
Daily trend: Up (Let's go long)
Hourly zones: Demand zone marked on chart
Trade duration (max): 1 week
Note: Target, Entry and SL on chart
Short Roof Pattern India CementsThe stock has formed a beautiful Roof Pattern it gave false breakout today and came back. One can trade the stock by providing small Stop Loss high of today and look for a target of 140. Risk to reward ratio works out decent.
india cement is ready for next leg of upmovefrom december stock rallied from 106 levels to 172. then went into corrective phase by doing stock retraced 23% and past 2 days showing signs of reversal towards 164/170 levels sl 154 levels
India Cements: Bullish Harami at Support ZoneIt 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 bullish move ahead.
Target1: 161
Target2: 163
Stoploss: 152
India Cement Long for Day trade Aggressive Trader will look to enter Close above 161.50 for target of 162.40/164 and Professionals will look to enter on 162.40 for Target of 164 With the stop of 159
Not Good in risk to reward but the stock is in Up trend
Cheers
India Cement SHORT Head & Shoulder Head & Shoulder pattern formed at the top of current rally is suggesting a reversal now. It is trading below the neckline so one can short the stock and look for the target of 140.
India Cement - Big Breakout 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 reward.
Thanks
INDIA CEMENT BIG BREAKOUTall 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
INDIACEM - Break-out from consolidation - Higher level expectedINDIACEM - Break-out from month long consolidation - Higher level expected.
Looking for next target of 130 and then 135.
SL will be 115 on closing basis.
Greed !!!With a ~40% price correction, Would the Fib Golden ratio and previous supply zone would turn to demand zone now ! RSI neglets it..
INDIACEMENT: At concrete supportStock tested its first support area where price has completed its 61.8 retracement also has a structural price support. if stock hold this support area we can see positive divergence very soon.
INDIACEMINDIACEM looking good support on chart from here can bounce 10-15% minimum.. tgt 125-130.. Sl 110.75
India Cement (Something Cooking :) )Hourly Chart India Cement, Post a decent up move. Its consolidating between a triangle.
Where do you see it breaking out.
On upside, Break of 158 levels with Volume should take this stock to 163.
Watchout
India Cements - Short @146 or below with SL of 149India Cements has run-up a lot after the results (and even before) & it might face resistance at its previous strong support at 146. One can short here at 146 now or below 146 on confirmation of a red weekly candle with a SL of 149 and a target of 128
