Stock Name - The India Cements Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 271
#This is not Buy and Sell recommendation to any one. This is for...
Ave given reversal in larger time frame and have been consolidating after breakout in 15min chart. One should take entry once the channel breakout is confirmed. Markets have been giving accumulation phase story.
After making round bottom and given huge rally till 300 and tumbled, taken support near its trendline and again heading upwards with good volume, may see good rally.
Rounding bottom +B+ VOLUME
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India Cements
On Daily Basis Time Frame the Stock has given a Good BO Yesterday of Pole & Pennant Pattern on Chart
So as per Chart the Stock looks Good for Short Term Position as per the Levels given below:
CMP - 204.05 or BoD 198
Target 1 - 214
Target 2 - 229
Target 3 - 244
SL - 183
Time Frame - Short to Medium Term for final Tgt
All charts posted here are...
India Cement turned bearish in 2008 during the market fall. Then it was bullish from 2016 to 2017 and again turned bearish during the Pandemic. Today, after almost 14 years it closed above 255. We can look for an immediate target of 300 and then 50 & 61.8% fib extension.
India cements seems bullish on weekly chart giving a good close by breaking down trendline resistance the volumes are looking also so good in comparison of so many last weeks so we can see a good upside in this stock although we have to take a must view on Indian indices for next week before going a long in it.
for exit or stop loss hekinashi would be preferable as better we follow trend ,we can see how price acted in previous years and now price is over 200 dma where the bull run takes place if all time high is broken stock can move further higher
and intresting fact is damani owns around 22 - 24% and can open offer anytime and this is under valued company compared to...
Can go long in INDIA CEMENTS because of the following reasons:
Range breakout with 2x avg volume.
Trend Line breakout.
Flag Formation Breakout.
Target - 230
Entry - 203
Stoploss - 187
INDIA CEMENTS STOCK has broke its trendline and also its resistance with a very good volume.
You can go long in it only after doing your own analysis.
ONLY FOR EDUCATIONAL PURPOSE..!
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
Stock Name - The India Cements Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 206
#This is not Buy and Sell recommendation to any one. This is for...
NSE:INDIACEM
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
