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THE INDIA CEMENTS LTDTHE INDIA CEMENTS LTDTHE INDIA CEMENTS LTD

THE INDIA CEMENTS LTD

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INDIACEM trade ideas

INDIA CEMENTS a good stock for range tradingstock has just moved above its crucial level of 172.90 which is the weekly support level as well as a crucial daily support Watch the RSI indicator closely as the stock has formed a new support at 164.25 Currently by the looks of it one can say that the stock might be trading in a "RECTANGLE" Levels between 164 to 196 indicators suggest that Indicators macd gaining little bit of positive momentum Rsi has bounced from its oversold zone perfectly 50-weekly moving average is currently at 168 which the stock crossed this week "TRADE VIEW" One can execute a long position in this stock at current levels with a stop loss @163.25 for a target of 195
NSE:INDIACEMLong
by manavtechresearch
1
Indiacem Cementing “Double Top”Targets : 180-166-156 Sell range : 190-195 Stoploss : 228 Duration : 4-5 weeks Outlook : After a second failed attempt to breakout from a previous highs of Rs 226.25 (Touched in mid of May 2017), Indiacem has now corrected resulting into break down from a support trendline joining from 105.10(December 2016), 153(March 2017) and Midpoint levels of 179 (May 2017). This week, the stock also broke the recent lows of on the back of healthy volumes, which indicates that selling was intense and the stock looks set to continue the next leg of its downtrend. However, the breakdown from 179 on the lower side would trigger “Double Top” pattern, one should wait for one bar closing below the above said levels to trade this pattern. Other technical indicators like 5 EMA has crossed below 20 EMA, Three black crows Candlestick pattern was formed till previous closing,14-Day RSI is sliding downwards, stochastic indicator is trending down. We believe the stock has the potential to move lower in the coming weeks as it attempts to test its previous intermediate lows of 179. We therefore recommend a Sell at CMP and selling more on any rises. Our entry levels, along with stop loss and targets have been mentioned above.
NSE:INDIACEMShort
by BHUMIT-ARQ