nothing to say much about this really impressive pattern to trade on ,, do your risk management and clear out your mind while taking the trade :)
Smile and earn with a fixed risk this might be an amazing mover ... grab it on days close above the line of resistance :)
India Cements (NSE Cash)
CMP - 168.60
Support - 165 & 158 levels (always consider 10% +/-)
Resistance - 180 & 186 levels
Weekly Charts (Long Term)
20, 50 & 100 DEMA is perfectly aligned
Candles have been taking support at 20 DEMA since 4 weeks now. This means that the 20 DEMA level will not be broken easily.
Clear Uptrend
MACD is in the bullish zone but there is...
INDIACEM : cmp :189.55
A rounding bottom kind of pattern has been formed in weekly chart.
Also a channel BO possible in daily chart.
Trading near the resistance zone of 194.
If it surpass and sustains above 195 it can move upto 284.
Short term TGT 222
Sl 175.3 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
India Cement Long
Channel breakout at 181-182
Buy at CMP-182
SL-174
Target- 200, 224
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
