INDIACEM INDIACEM is consolidating in a triangle pattern since last two months after a bullish rally.
INDIACEM trade ideas
INDIACEMNSE:INDIACEM
One Can Enter Now ! Or Wait for Retest of the Trendline (BO).
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
India cementsUptrend from 150 to 290 levels.
Wedge with double bottom.
First bottom is 226.20
Second bottom low is 225
Pivot at 282 levels.
Price above moving averages.
But today (2nd November) long wick on top with higher volume.
Need more conformation.
CCI green
Cons :
Elliott Oscillator is red
Stochastic above 80 but no bar on top
Earnings in 8 days.
Since I hold the stock in portfolio from 180 levels so will till earnings and if setup is activated will add more.
One concern for me is red volume bars are more with above average too.
So will watch earnings numbers carefully.
India Cements - Need to close above 202 for trend reversal India Cements has been on sell side pressure after hitting 52 week at 232. But the stock has been on long term bullish trend consolidating within the channel since 2020 covid lows. Currently the stock is in slight bearish mode, since it recently made higher lows and lower highs. It needs to close green above 202 for consecutive 2-3 days for trend reversal from bearish to bullish, then we can expect the long term bullish channel trend to continue.
MY LONG SWING TRADE IN INDIA CEMENT India cement making good price action pattern in daily time frame,
this stock follow more than 200 days trandline resistance and break this trandline with strong bullish candel in daily TF with good volume.
also stock is follow support trandline with good respct.and aslo its PEMA(21,34,55) its turn to flat to sloping upside its best singh for long this stock
my lavels are enter to this stock
BUY = 204-205
TATGET = 210,220,230
STOP LOSS = 195
indiacement daily chartindiacement look for short term bullish know currently small consolidation phase .keep watching once consolidation range 198 will broke to move next resistance 212 and second resistance 230. if any bearish sentiment immediate support is placed 186.keep watching on wednesday if broke 198 to focus on these stock.
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!
