India cement ready for breakoutTake entry at cmp 223
Target 250
Stop loss 209.15
counter already gave breakout for down trendline and making range at upside so it can easily touch to 250Rs level.
−0.30USD
−15.79 MUSD
697.84 MUSD
About INDIA CEMENTS
Sector
Industry
CEO
Narayanaswami Srinivasan
Website
Headquarters
Chennai
Employees (FY)
2.69 K
Founded
1946
FIGI
BBG000Q1B7P3
India Cements Ltd. is a holding company, which engages in the manufacture and sale of cement and clinker. It operates through the following brands: Sankar Super Power, Coromandel King, and Raasi Gold. The company was founded by S. N. N. Sankaralinga Iyer and T.S. Narayanaswami on February 21, 1946 and is headquartered in Chennai, India.
INDIACEM 02-04-2024Happy learning with trading. I just shared my view. If correct give me one like. If not correct me.
Points to Note:
1) bounce from support area an possible to reach target 1 and 2 in short term if breakout happens and sustain.
2) Chart looks good.
Disclaimer:
I am not a Registered Analyst with SEB
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
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 g
#Indiacem cash : Looks good above 250.10#Indiacem cash -Positional call
09.02.2024
Looks good above 250.10
and dips 243-244
Stoploss 236
Target 258-264/272
Cmp 247.20
#INDIACEM (Weekly)⚡️Low Debt
⚡️ATH Breakout expected
⚡️CNH Pattern Breakout & Retest
⚡️15 months long base
🔴 SL 248
🟡 CMP 261
🟢 TGT 288/327/392
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)
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