This scrip has always tested my patience and also rewarded the patience. Short term trader can trade for channel target 220.
Actually as per my view, it's forming a leading diagonal pattern, one can also consider this scrip for long term perspective but not at this price and at this moment , wait for retracement till 150 to 160.
-Another entry possible-
Following my previous post for a monthly
breakout.
-> The stock is forming a pattern again.
-> Enter near the support or after the triangle
pattern breakout.
-> Targets as per my previous post but you also
make a target as per this triangle pattern.
All the best :)
INDIACEM - attempting to break trend line resistance repeatedly.
We can see good volumes on day to day basis
Add to watchlist --
Incase if it can break this level and sustain : - should reach 200+ level with in couple of trading sessions ...
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...
