india cements can give multi year breakoutfor exit or stop loss hekinashi would be preferable as better we follow trend ,we can see how price acted in previous years and now price is over 200 dma where the bull run takes place if all time high is broken stock can move further higher
and intresting fact is damani owns around 22 - 24% and can open offer anytime and this is under valued company compared to other cement companies
& india cements current owner actually take over the company in the psat from another promoter , so this time may be damani take overs this
INDIACEM trade ideas
YR 2022 Idea #112: Long on INDIACEMThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
INDIACEM - Ichimoku Bullish Breakout Stock Name - The India Cements Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 206
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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India Cements Ltd ICMN Breakout200EMAHi India Cements Ltd. (ICMN) Breakout level now strong bullish with high volume moment stock. crossed 200 EMA. BUY above 200 for long. NEXT TARGET 210,220, 230. Time to go for long, get ready to catch the profit. This is knowledge sharing ideas only. If you want to invest consult with your advisor once . Thank you.
#indiacement support levels NSE:INDIACEM
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.