Cementsector
Still Bullish on Bigger Time Frames.Still Bullish on Bigger Time Frames.
Hidden Bullish Divergence has appeared.
Immediate Resistance lies around 186 - 189
Crossing this Level with Good volumes may
expose 197 - 200
Fresh Entry should be Triggered if 205 is Crossed
& Sustained; only then it may resume its Uptrend.
Bullish on All Time Frames; butBullish on All Time Frames; but
Strong Resistance lies around 12 - 12.20
Those who are Holding, Must Trail their
Stoploss to 10.30 (at least)
Though there is Hidden Bullish Divergence, but
Strong Resistance is lying ahead.
Those who want to Take Fresh Entry, should
wait for 12.20 to Sustain.
One thing to note is a Bearish Divergence on
Daily TF. But since this is on Daily TF, so slight
Pressure may bring buying Opportunity (as long as
it stays above 8.)
THCCL- PSX - Technical AnalysisTHCCL price has made a wedge which is an indication of price going up any time. RSI has already bounced from 30 and moving upwards. Klinger is just hinting at likely beginning of the bull run for this SCRIPT.
Fundamentally, from cement sector, this will show progress as sales will be substantial during post Ramadan and pre-monsoon (April ~July). Coupled with company has already shifted its power requirements to solar energy, therefore manufacturing cost cutting is eminent.
This SCRIPT can be kept in portfolio for investment point of view as well since prices are already very discounted.
Trade Values:
Buy-1 :189.58
Buy-2: 167.08
TP-1: 233.36
TP-2: 255.66
TP-3: 305.41 (For SWING TRADE 6 months Plus)
TP-4: 336.62 (For SWING TRADE 6 months Plus)
SL: 159.88
Still Bullish on Bigger Time Frames.Still Bullish on Bigger Time Frames.
Hidden Bullish Divergence has appeared.
Immediate Resistance lies around 186 - 189
Crossing this Level with Good volumes may
expose 197 - 200
Fresh Entry should be Triggered if 205 is Crossed
& Sustained; only then it may resume its Uptrend.
Beginning of a DUOPOLY - Great OpportunityUltratech cement has approved an acquisition of 8.69% stake in Star cement for Rs 851 crore. As mentioned earlier in my post of August 26 that their is a possible chance of creation of duopoly in the cement sector after Adani's entrance in the sector it has been adamant after looking to the aggressive acquisitions made by Ultratech and Adani group. Till now Ultratech cement has taken stakes in Kesoram industries, India cements and Star cement while Adani Group has taken stakes in Ambuja, ACC, Sanghi Industries, Penna Cement and Orient Cement. As we know that Greenfield projects are limited due to limited natural resources, production capacity can only be increased and dominance can be maintained by acquiring small companies. Because of this tug of war share prices of small companies have surged significantly. Star cement has given a return of 40% in 2024. It's present capacity is 7.7 MTPA and plans to increase the capacity to 25 MTPA by 2030. Cement sector is going to be exciting in the coming years. Do keep a track and be updated about the sector.
Flying cement breakout level for flying to 34.96 level26.62 is breakout level of Flying cement to fly to levels of 29.76 and 34.96 levels,
Today it was on lower lock and dropped 10% to level of 25.88. Iff tommorrow it again pick momentum and crosses level of 26.62 than it can fly to 29.76 and 34.96 level.
Note: Trade at your own risk.
ITD Cementation India Long Term Investment IdeaIntroduction
ITD Cementation India Ltd. engages in the construction of a wide variety of structures. Its areas of operations include maritime structures, mass rapid transport systems (MRTS), dams and tunnels, airports, highways, bridges and flyovers, and other foundations and specialized engineering work.
Observation
As we can see stock breakout its channel with huge trade volume, Open marabuzo and....
Visit on website👆deeper detail and its fundamentals
Cement sector- A duopoly?After Adani group bought ACC and Ambuja cements and became an impact player in cement sector of the country there is a chance of duopoly creation in the cement sector as was seen in the case of telecom sector when Jio entered the segment. Although such extreme duopoly will not be created in cement sector as the other regional cement will continue to operate. There is a chance that the plants of regional companies can also be bought as Ambuja and ACC were bought. So both Ultratech and Adani group cement companies should be looked upon and should be added to our personal portfolio keeping in mind the long term vision of the country. Please do your analysis and share your views in the comment section below.
Hope you like my idea.
India Cements - Revenge Trade 101 :) :) :)A Beginner's Guide - How to do Revenge Trading :) - Inspired by True Story !!!
Few years back, when I was naive in Technical Analysis, I took an Intraday position in India Cements basis someone's Call in Social Media.
It ended up hitting a SL resulting in a Loss of Rs. 111 :) Back then I used to lose money on everything F&O, Intraday, Equity - because "I was always dependent on Calls from someone... When the market goes other way - I used to Panic because that Someone won't respond to our queries or there would be no option for us to ask questions in those Telegram Channels"
As a "Smart Trader" I used to do Revenge Trading in F&O by taking Opposite positions because the market went the other way earlier. And the Market so Humbly and with Full Love and affection - SLAP ME ON BOTH SIDES - Ha ha
Later - I spent time on Learning and finally decided to take my real Revenge
To Avenge my Loss of 111 (Rs.)...
Took Revenge Trade at an entry price of 222 (Rs.)...
And personally Set up a %Target of 111% :) :) :)
Today - the price has reached 374 which is 68% from my entry of 222.
One of my student said India Cements - Looks Very Scary from Fundamentals Perspective and he said 111% Target looks too steep and extremely Risky
Really ??? Look at the Chart again. The Price has Beautifully completed a Breakout of a 17 Year Rounding Bottom Pattern for Targets of 394, 430, 470 and 586
Look at the Quarterly Chart - Are there any sudden Crashes / Volatile or Erratic Moves ? Despite having a Crappy Fundamentals - how can the Chart be so Neat and Clean ?
Understand the Reality - the market does not move as per Fundamentals - its just a Perception.
Let's quickly review the Math:
Entry Price: 222
CMP: 374
Profits: 68% already done
Now that the Breakout is completed on Weekly Closing and also if the price sustains at CMP for another 3 days - it would confirm the Breakout at Monthly closing - setting the 68% on Stone. It won't fall below after that
To reach the 111% Target from my Entry price of 222 - its just a matter of 25% more upside from CMP. After a 17 year Monthly Pattern Breakout - is it that hard to get 25% more ? Looks much simpler than before - No ?
Worrying too much about Fundamentals might make you a Mental :) (sorry - this is Hard reality)
Summary:
1. Don't take Revenge Trade with you loose - your Emotion will make you a Fool - same day
2. Wait for Opportune time - if I can Avenge my Rs. 111 loss with 111% gain - so can you
Learn First, Understand how the Market really moves (Don't have any Bias that Fundamentals, Valuations, PE, ROCE, ROE, EPS would offer best results) and Wait for the Right Entry point from the Market (Not from any Call Giver in Internet) and Avenge your loss Taking the Side of the Market (Not Against it)
Happy Trading :)
Disclaimer:
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JK Lakshmi Cements: It could break either way. Be prepared.Key Zones
Supply Zone (Resistance) represented by the Red Box.
The price has shown a clear rejection in this zone multiple times, indicating strong selling pressure.
Demand Zone (Support) represented by the Green Box.
Historically, this zone has acted as a strong support, suggesting buying interest in this area.
Patterns and Trendlines
RSI (Relative Strength Index): Current RSI is around 40.73, suggesting the stock is approaching the oversold territory, but not quite there yet.
Key Levels to Watch
Resistance: 875 - 900 INR (Supply Zone)
Support: 675 - 725 INR (Demand Zone)
Intermediate Support: 723.10 INR
Possible Scenarios
Bullish Scenario:
If the price breaks above the descending triangle's upper trendline, it could challenge the supply zone around 875-900 INR.
Confirmation would require a strong breakout with high volume.
Bearish Scenario:
A breakdown below the descending triangle’s lower trendline and the support at 775 INR could lead to a drop towards the demand zone around 675-725 INR.
The gap fill mentioned in the chart could be a target area in the event of a breakdown.
Conclusion
The chart shows JK Lakshmi Cement at a crucial juncture within a descending triangle pattern.
Watch for a breakout above the triangle for a bullish move towards the supply zone.
Alternatively, a breakdown below the current support could lead to further downside, targeting the demand zone and potential gap fill area.
Monitoring volume and RSI will be key in confirming any breakout or breakdown.
Overall, traders should keep an eye on these critical levels and patterns to make informed decisions.
DISCLAIMER: EDUCATION PURPOSES ONLY. NOT FINANCIAL ADVICE.
TKYO.N0000TKYO might drop to 200DMA range. That will be a good support level.
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
IITDCEM - Inverted Head & Shoulder on WeeklyAfter a strong downtrend for 2 years and forming base(head in another 2 years)
Stock has broken 52w High today
IITDCEM has built a strong inverted head and shoulder pattern.
Long IITDCEM @ 145-150
Add more in dips near 125-130
Keep SL of 100 on WCB
Keep Targets of 193/229/250++
PPC showing strong upside to come with WARNINGCup and handle has formed on PPC, where the price has retraced back to test the brim level.
The volatility is wild with this Penny Stock and the liquidity is also very low.
These are dangerous stocks to try buy and sell and wider stops and take profits are essential.
Also with MAs, they are in the twilight zone too as 7=21=200
RSI>50
Target R3.55
WARNING
JK Lakshmi Cement - long term bullishStock seems to be getting ready a move higher in wave (iii) of 3 (the most powerful move).
Currently the correction in wave (ii) might have been completed as shown on the chart or could make a lower low to complete the correction.
Break of wave x at 850 would add more confidence to this idea.
Regardless of the shorter time frame, the stock seems to be getting ready to move up in long term.
Thanks for reading!
Simple Bearish Pattern Alert!📉 Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Parallel Channel
📌 Symbol/Asset: Ambuja Cement
🔍 Description:
Ambuja Cement moving in a parallel channel might touch the support in the coming days
⚡️ Actionable Insight:
Offer a suggestion or recommendation based on the pattern. For example, you could mention a potential exit point, target price, or the need for further confirmation.
Ambuja Cement - Getting ready for an up move Ambuja Cement: After the Adani saga in February the script has seen a brutal decline and fallen around 50% from it's ATH. Now, the script has been taking support at Weekly 200 EMA. Also building a higher base on the Daily chart. A close above 396 - 400 Zone will indicate the correction is over and stock might see a higher level. One can go long above 400 with stop loss of 360 on CLBS with a target of 465.
ULTRATECH CEMENTHello and welcome to this analysis
Stock continues to make higher highs and higher lows with rounding bottom formations each time. In the short term it looks set for a flag breakout.
Upside possibility till 7500 and 7900 as long as 7050 is not broken.
Good risk reward set up as it build momentum
Happy Investing
Ultratech Cement Ultratech Cement is looking in a good momentum on up side, also it has done breakout of flag n pole chart pattern in daily time frame along with good intensity of volume, along with trend indicators confirmations, overall it looks good candidate to go long, all the key levels are mentioned in chart with Stop-loss and Targets.
All the key levels are mentioned in chart with Stop-loss and Targets
Chart pattern flag n pole breakout on daily time frame
Macd in daily positive crossover and Uptick and also above zero line
Macd in weekly positive and Uptick
Rsi in daily above 60 uptick
Rsi in weekly uptick and also above 60
Upper BBC in daily
Dmi adx also positive
RK buy signals
Most traders treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you....!
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My studies are Educational purpose only
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