After a failed breakout above the short term resistance trendline ( blue coloured "Resistance TL" on the chart) in mid May, the India Cements stock has moved above the prior resistance trendline once again this week.
The last breakout attempt failed at the long term resistance trendline (red coloured TL on the chart) which is a 13 year old trendline and a break...
Formed a cup and handle pattern in monthly chart and its a clear break out with good volume in previous month and retested the break point. it have potential to move 20 percent.
it is for educational purpose. And it is my view on india cements...
Cup and Handle Pattern continue present time in the chart show , after complete this pattern ,stock shoot up 30 to 40 % soon ,
Only Educational Purpose ,
Note - Take a Advice your Financial Advisor before Investing.
Accumulation taking place since the beginning of 2021 within the Rectangular pattern.
Breakout of the Bullish Rectangle has been re-tested yesterday and today sustained a closing above the 187 level (top of the rectangle).
Increase in ADX indicative of strengthening of the trend.