India Cements - Long Setup (Swing Trade)India Cements is approaching a critical zone for a potential long trade setup. Here’s the plan:
Entry Zone: 363.95
Entry Price: Once a 15-minute candle breaks above 363.95 , the high of that candle will confirm the entry.
Target: 394.85
Stop Loss: 348.50 (Triggered if a daily candle closes below this level)
The price is currently testing the entry zone at 363.95 , and a confirmed breakout could lead to a potential rally towards the target of 394.85 . A stop loss is set at 348.50 to manage risk, offering a favorable risk-reward ratio for this trade.
Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly.
Indiacements
India Cements CUP patternIt 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 level approached the neckline, indicating strong market conditions.
The monthly, weekly, and daily RSI are above 60, which is also a good sign of bullishness in the stock.
If you measure the depth of the cup and clone it above the neckline, that would be your target, which comes to around 620 levels.
INDIA CEMENTS 2:7 RRR TRADE 🎯350NSE:INDIACEM Broke out of a major expanding channel pattern.
Breakout candle is very bullish and volumes are heavy on the buy side.
Price is in a low volume consolidation mode in the form a rising channel pattern on hourly timeframe.
Momentum is expected to continue after the break of this pattern.
One can enter at C.M.P with entire position for 2:7 Risk reward play.
Targets: 300/350+
sl: below 210
Position size accordingly. HAPPY TRADING!