Forming a symmetrical triangleKeep a eye on this . Could see a breakout soon.
I will update the stop loss and target once breakout is done.
INC05 trade ideas
INDIACEM | INDIA CEMENTS 03JUNUPTREND ESTABLISHED AND NEW HIGH HIGH FORMED PREVIOUSLY
EXPECTING UPTREND CONTINUATION
BOTH SIDE ENTRY/TARGETS GIVEN ANYWAYS
ALL THE BEST...!
India Cements LongThe charts shows sign of positivity.
the technical indicators are also bullish for the stock. short term pull back may occur.
Suggesting to Buy with confirmation above 133INR
The India Cements Ltd. - DAILYThe India Cements Ltd. - DAILY
The stock looks quite strong in charts and presently consolidating in an inside bar candle and in a narrow range which is usually followed by expansion in the share price.
We may see short term pullback to the breakout area to 110 but the breakout on strong volume above swing high of 124 may infuse further strength in the stock.
Keep a Watch!
Indian cement strong bullish pattern for long entry. On weekly & monthly chart strong bullish candle is visible at BO level of 120. If this BO sustains for some time then surely go for long with target of 135 to 140 for positional & swing entry. Earlier, stock has seen rejected twice from the same level ( May-19, Feb-20) . Lets wait and watch for the BO or else history repeats as volume level is low at this time. Will look in next week trading session. Keep the stock in your watch-list.
Kindly follow me for further update & for any doubt Please feel free to ask.
thanks.
India Cements Ltd. - Wait for the BREAKOUTIndia Cements Ltd. is consolidating in an INSIDE BAR from Mar' 30th candle and fresh momentum to be seen break either side of the range 96-112.
Presently the stock trading right at 50 SMA and likely to see short term bounce until it stays above 96-97 zone.
Keep a watch.
Swing trade for india cementsIndia cements started trading above its 20 EMA channel.
Recent hike in volumes shows interest of big players.
Buy India cements with CMP 104.4 with the stoploss of 95 for the swing of 2 to 4 months.
Target 1 - (116-120)
Target 2 - (145-155)
Target 3 - (200-225)
India cements : expect an up-move within next 30 daysStock was clear bullish for the past weeks and was expected to move up for the next days up to or above the monthly resistance wait for a clear PCC to form above the weekly resistance
India Cement - Bounced off supportLong term buyers keep in cement can look to buy this company.
Stoploss 69.50.
