TTTHE INDIA CEMENTS LTD
359.10INRR
−0.90−0.25%
At close at Jul 25, 10:28 GMT
INR
No trades
INDIACEM trade ideas
India Cement share on bullish mode.share of india cement on daily chart is in momentum & try for the BO level of resist.zone , Can take long entry above the price of 118 for the next target level of 125-130. SL level is 109. RSI is also showing +VE divergence . Volume of the stock is also good. So add the stock in your watch list to see the price action movement .
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India Cements Ltd. - Wait for the BREAKOUTIndia Cements Ltd. is consolidating in an INSIDE BAR from Mar' 30th candle and fresh momentum to be seen break either side of the range 96-112.
Presently the stock trading right at 50 SMA and likely to see short term bounce until it stays above 96-97 zone.
Keep a watch.
SWING TRADE - SUPPORT & RESISTANCE TRADEStock is taking a good support of the resistance turned support zone. A good upmove with a spike in volume will confirm the dominance of bulls over bears. If RSI remains over 40 levels momentum will be in the hands of buyers thus a good upside potential. But let's wait for the volume confirmation and we'd be good to go keeping a bias towards upside.
Strong support: 110-115
Disclaimer: Take this view for educational purpose. Trade on your own risk.
Happy trading!
#IndiaCem @ 121 | Monthly | H&S under 'construction' Though R.Damani has picked up a stake... but chart pattern is depicting another story. It may take a few months more to develop into the full structure.
So if considering long term, please be on a cautious note till the pattern negates.
Head & Shoulder in the making!
India Cements - Weekly reversal?India Cements
The stock is trading right above the breakout area and presently is consolidating in a range.
On the downside, 120-125 likely to act as crucial support for the stock.
Likely to see further strength above swing high of 140 level.
Even though the technical parameters look positive as of now; MSI has given a reversal signal. Wait for confirmation from all the factors before investing.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
***this is my personal view. Please take advice from your financial advisor before investing.
The India Cements Ltd. - DAILYThe India Cements Ltd. - DAILY
The stock looks quite strong in charts and presently consolidating in an inside bar candle and in a narrow range which is usually followed by expansion in the share price.
We may see short term pullback to the breakout area to 110 but the breakout on strong volume above swing high of 124 may infuse further strength in the stock.
Keep a Watch!
Indian cement strong bullish pattern for long entry. On weekly & monthly chart strong bullish candle is visible at BO level of 120. If this BO sustains for some time then surely go for long with target of 135 to 140 for positional & swing entry. Earlier, stock has seen rejected twice from the same level ( May-19, Feb-20) . Lets wait and watch for the BO or else history repeats as volume level is low at this time. Will look in next week trading session. Keep the stock in your watch-list.
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