Happy 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 SEBI and it is only for educational purposes. Please consult your...
Hi, 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...
1 : 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: 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)
Taking 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 cement in bullish mode. 240 is stop loss and 340 is Target. Best price to buy 256 around. It successfully broken recent triangle pattern what resistance of monthly resistance before.
- IMO it's better to book partial gains in India Cem
- India Cem has printed 23% in two weeks post my call-out
- I think we can soon see a huge retracement in Nifty
- Stay Cautious folks, kindly do not leak your hard-earned gains.
India cement is trading at Supply demand confluence zone.
It is currently making a falling wedge pattern on weekly charts which is at 50 % retracement levels from all time low to all time high.
RSI is also showing positive divergence.
Possibility of making a weekly double bottom with neckline breakout placed above 195.
Already made higher bottom on last weekly...
India 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!!!!
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...
Cup and Handle breakout done for the target of 334 with the intermediate resistances mentioned in the chart.
Note: This is for educational purpose only.
📊 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...
