INDIACEM trade ideas
old trendline break down with vol supptorted view is negative only for education purpose not any advice............................................................................................................
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INDIA CEMENTSHi, in this chart i Got a Good Demand Level in INDIA CEMENTS, please Observe this levels and Analysis your own... Don't Take any orders Based on this Chart because this is just Observation purpose only.
I Observed these Levels based on price action and Demand & Supply which is My Own Concept Called "PENDAM CONCEPTS" ... Don't Take any trades based on this chart/Post...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
Stoploss @2371 : Up Trend
2 : Indicators will be Positive soon
3 : close above Pattern Breakout Point
4 : Volume confirmation
5 : Follow The High and Low as per the above table Given
6 : Qty mentioned in terms of 3 lakh value
7 : Target Give as per Low to High and High to Low Swing %.
Fake Breakdown it will get target soon..
INDIA CEMENTS-Strong foundationIndia Cements: Able to witness multiple b/out patterns viz Triple bottom,Cup & saucer and a likely Flag pattern in weekly chart .suggests huge move is on the cards.If holds above 270 likely to test 300-330 band in a while as per the pattern formation(For educational purpose only)
INDIACEM Short & Long Term ViewTaking support on the Trend Line and reversing. Best entry would be now with SL of 10% for first target of 20%
CMP - 190
1st Target - 220
2nd Target - 270 (Might take some time)
Stop Loss would be @ 170
Disclaimer: This is not a call. It is completely my own perspective. One must do own analysis before entering. I am not responsible for your either of profits or losses.
India Cements - Cup & Handle and Triangle BreakoutIndia Cements making cup and handle and a triangle breakout on a weekly time frame. Let the cup and handle give confirmation on daily basis. We can expect the price to move to 350+. Other factors:
1. MACD becoming positive, ready to make green histograms
2. RSI moving up
"Clean Charts, Easy Charts"
Learning & Earning!!!
Cheers!!!!
INDIACEM Bullish; above 267.5 on Friday 8 Dec. The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
Stop Loss: @ "Open" price of the day OR "Breakoutprice"
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
INDIACEM | Swing Trade📊 Details
India Cements Ltd is a leading cement manufacturing company headquartered in Chennai. It was incorporated in the year 1946 by Shri S N N Sankaralinga Iyer and Sri T S Narayanaswami. While retaining cement over the years as its mainstay, India Cements has ventured into related fields like shipping, captive power and coal mining that have purposeful synergy to the core business. The co is also a sponsor of the IPL franchise “Chennai Super Kings”.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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