Indiacem 189 #Ghc3BarDecider
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...
the stock is in a uptrend it had a minor dip today tho tomorrow if it opens down it will get back into the S/R zone again tomorrow will be a crucial day for the trend
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.
Took support at exactly 20 EMA and Fibo .618. Next trading session will be an interesting day for this stock. If it falls further, Short. If it rises, Long. #educationalpurpose
Stock has ben able to break Trendline coming from 2007. If stock breaks the resistance zone respected since 2017 then it can reach the next resistance area of 224-225 in few sessions If stock breaks and closes above 208 on daily TF then can target for swing - 225, 235 levels.
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.
Disclaimer : Only for educational Purpose,not a stock recommendation Trading is an art, learn the art!!! #stockInvestment
CMP : 196.90, T1: 204, T2: 218, SL: 160.50 Study : Rectangle channel pattern breakout with good volume
14 yrs trend breakout. India Cements can fly if closes above trendline on 31 May.
The weekly chart pattern of India cements suggests formation of a cup and handle pattern. The huge volumes which accompanied the move in the stock were highest since December 2020 and add further weightage to this breakout. Positive divergence on RSI, cup and handle pattern, volume growth, golden cross, tell rest of the saga about the bulls.
Volume increase One can take 50% position and if any retest and pullback happen then deploy another 50%
BREAKOUT IN INDIACEM , LOOKS GOOD ENTRY above 200 with an stop loss 174 (only on closing basis) Target - 215,224++ RSI and Volumes looking good
Near time tgts : 220, 250 In some months: 320 might even break those levels and move up , upcoming years :)
Monthly Cup and Handle breakout. Can move towards 330+ and even more considering its current shareholders. Expecting good results.
Moving along with sector. Approaching ATH. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis) BUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 -...
After a tight consolitation it had given a nice breakout. Its a call for a long term buy