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.
