#Indiacem Cash : Looks good above 166 #INDIACEM CASH - POSITIONAL CALL
GOOD ABOVE 166 SL 160 TGT 171-72/178-180
CMP 161.50
INC05 trade ideas
India cements short term viewIndicators are looking weak and triangle breakdown happened. Target level mentioned in the chart
Stoploss: keep the bottom trendline as stoploss level on closing basis
Vijayaraghavan
Kovilpatti.
Breakout from trend channel and pullback tradeIndia cement brokeout from trend channel and then pullback with forming hammer.Those who missed out breakout trade can enter here. Buy above today high. Everything else explained in chart. One can buy it for long term also.
India Cements ,Weekly , Confluence of factors suggesting LongNSE:INDIACEM On weekly charts ,there is a breakout from flag pattern and triple bottom has been confirmed.
the pullback of the flag coincides with 50% fib retrace.
Long positions may be initiated at a throwback to the flag or after consolidation breakout on lower time frame .
Its trending above its 200,62 and 13 period EMA and after bullish crossover of 13,62 EMA has taken support on 62 EMA.
INDIACEM - Trend line break outNSE:INDIACEM has broken above its 6 month down trendline.
Go long above 190.30
T1 - 198.20
T2- 210.30
T3 - 226.60
SL - 176.20
#INDIACEM - Downward-Sloping Channel INDIACEM is on the verge of breakout above falling channel on daily chart. It needs to sustain above 186-188 for confirmation of uptrend.
INDIACEM Falling Wedge BreakoutINDIA_CEMENT has been moving in a falling wedge for a year now. Made a strong legup to reach the edge of the wedge.May FLag_up a bit before reversal or breakout
india cements triple bottom it has formed a triple bottom at 169 with the top at 179 so the target can be put for 195-200 with stop-loss around 175
India Cement - Double Bottom.Bounced From Double Bottom.
Support Zone.
RSI Divergence.
Price Ready To Cross EMA.
Buy Above Given Levels Only.
Positional View.
Other Details mentioned in Chart.
I am not SEBI Registered Financial Advisor.
#INDIACEM - Short-term Doublebottom formationINDIACEM has formed short-term doublebottom on daily chart and looks like is on the verge of breakout along with 50 SMA.
Possible upside.....Explained in chart.....
Disclaimer:
All my post are for educational purpose,non-advisory & non-directional.....
INDIA CEMENTS a good stock for range tradingstock has just moved above its crucial level of 172.90 which is the weekly support level as well as a crucial daily support
Watch the RSI indicator closely as the stock has formed a new support at 164.25
Currently by the looks of it one can say that the stock might be trading in a "RECTANGLE"
Levels between 164 to 196 indicators suggest that
Indicators
macd gaining little bit of positive momentum
Rsi has bounced from its oversold zone perfectly
50-weekly moving average is currently at 168 which the stock crossed this week
"TRADE VIEW"
One can execute a long position in this stock at current levels
with a stop loss @163.25 for a target of 195
INDIA CEMENT - LONGIndia cements is near to his support of 164 Rs Good to buy in 164-170 Range spot will come around 158 and tgt 185 and 198.
A break of 198-200 will make 218 and 224 possible.
Not a certified analyst, please take financial advisor help for investing.
Positional long @ 170 | SL 150 | T1: 220 | T2: 255Start accumulating near 170-60 range with 150 SL. We could see targets of 220 to 255 targets
Where are you Going ?This stock thinks i dont know where its going , he he , Look for pull back to enter and ride till Target
there are two possible pull back one will be shallow and then rise quickly , another one will be little deep then rise quickly
enter on reversal near that Area
Good Luck
Regards
