CUP AND HANDLE FORMATIONITD CEMENTATION has formed an CUP AND HANDLE FORMATION and there is a increase in daily volume also so it can move further upside from current levels.
ITDCEM trade ideas
Long setup in ITD cementationThe ITD cementation is in the construction sector where the government is focusing a lot which could lead to tailwind in the sector.
The chart is in the accumulation phase with price taking support at the support level. Once the base formation is complete the price can touch 95 and if 95 is broken can go to 140. The stop loss would be 68.
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Itd cementation near danger zoneIf next week close below or outside the channel, downtrend for short-term will open up and if it goes below 70 that may lead to further downside. For uptrend to continue it has to close within channel.
ITD Cementation looking solidITD cementation after years broke 80 resistance level with good volume. Ready for up movement?
ITDCEM Channel BreakoutITDCEM a NSE stock has a channel breakout buy with a target of 130 i.e. 50% Fibonacci.
ITDCEM - LongITDCEM CMP - 72.60
Looking bullish in higher time frame. One can go for Short Term Trade setup with the following entry, exit & targets
Buy Range 72 - 75 / Stop Loss 61
Target 1 - 80
Target 2 - 90
Target 3 - 99
Disclaimer: This is my view and for educational purpose only.
ITD cementationOn chart. One thing to check for is whether the company is falling for corporate governance issues or business issues. If for some corporate governance issue like frauds allegation in recent time. Then stay away. Stop loss is to be taken care of and is the low of the weekly reversal
Long on ITD CEMAn inside bar has been formed at 200MA and a previous resistance that was broken after. RSI hasnt shown any considerable divergence yet, so it will be better to enter after confirming the breakout of the high of the inside bar pattern with stops just below the low of the pattern.
ITD CEM : Breakout trade NSE: Aug 22 T1 - 188.30 ,T2 - 263.30Go LONG
83
9.110
3.0183
1.0125
4.0308
16.247
263.98
7.118
9.110
16.228
263.36
