Bullish Monthly Presence in IndiacementsIf the price moves above 125 with good volume, this trade might give good returns in a long position.
IIIndia Cements Ltd.
392.85INRR
−1.50−0.38%
At close at Nov 14, 10:11 GMT
INR
No trades
Trade ideas
INDIA CEMENTINDIA CEMENT formed beautiful continuation pattern & close above the neckline oh INHS pattern.
Volume looks bullish.
Levels mentioned on chart.
Given targets seems achievable.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
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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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.
