Hi India Cements Ltd. (ICMN) Breakout level now strong bullish with high volume moment stock. crossed 200 EMA. BUY above 200 for long. NEXT TARGET 210,220, 230. Time to go for long, get ready to catch the profit. This is knowledge sharing ideas only. If you want to invest consult with your advisor once . Thank you.
India cems - given a breakout from important resistance & price engaging area as well.
Can go long if opens above previous day closing and sustains. (Mostly it will, as the sector performance will take it up)
Happy trading
NSE:INDIACEM
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called...
India Cements formed Head and Shoulder pattern as shown in the chart and crossed below the neck line.
1st Target = 182
2nd Target = 171
Please trade at your own risk. This is just for educational purpose only.
Happy Trading!
India Cements has formed a breakdown after H&S pattern which makes chart bearish.
Sell now for 133 target with SL of 200
NOTE - PLEASE TRADE ON YOUR OWN RISK WITH CONSULTATION OF YOUR ADVISOR. THIS IS JUST OF EDUCATIONAL PURPOSE
The stock has broken it's lower trandline and closed below it. One can sell it below 185 level in Intraday.
Positional short should be initiated only below 181 level on day closing basis. Positional targets 177 and 172.
Learn & Earn,
Dr. Tanya Kumar
Today's session Head and shoulder chart pattern create in INDIACEM . this stock is down side and according to this chart pattern expected target is 168+ in daily timeframe .
📈 India Cement 📉
This Stock Broke out from a Resistance zone of 210-215 after testing two times this range on upside with a strong green candle. If you look closely this resistance also use to be a support in Jan Fab. So It makes this a Strong breakout.
Bias - Long
Target - 231, 254
SL - 205
RR- 1 : 2
All Important Supports and Resistances are drawn in chart....
Script showed a real nice break of bearish structure to bullish structure. A momentum move can be played above 220 levels with 3-5% of SL.
Happy Trading :)
Disc: Chart posted only for learning purpose.
