NSE:INDIACEM Strong rally in monthly timeframe as well as it is consolidating too much in daily timeframe. Can go long above 376 with SL of 364. Targets highlighted in Blue. Already published idea is in link.
It has formed a CUP chart pattern in India Cements and recently has broken the neckline after 16 years. The best way to trade a chart pattern is to wait for the neckline to retest after the breakout. Once it turns around and the upside move continues, you can enter the trade. Volume is a crucial factor in this analysis. It increased significantly as the price...
NSE:INDIACEM best level to take buy entry is 240 with stop loss of 224 (-16 Points). My expected upside target will be 260 (+20 Points). Note: This is my personal analysis, only for learning. Thanks.
Ints nice reversal W breakout given & going to make #cup&handle in 15 min