INDIACEM trade ideas
India Cement Head and Shoulder(Short)Technical Analysis
India Cement is about to make a complete right shoulder toward neckline which is a final stage of head and shoulder pattern. once it would break the neckline of 66-67 rupees, we can see a huge break down of the stock.
Fundamental Analysis
Even though India Cements aims to reduce gross debt by ₹200-250 crore in the current quarter, its repayment liability for fiscal year 2020 is estimated at ₹3,750 crore.
Best short contender. Short time fall is 115 and then big fall once it cross 66, that big fall would take long time to hit.
Trading Idea : Buy India Cements Ltd.NSE:INDIACEM has made higher top & higher bottom after long range bound consolidation on weekly chart. Stock has crossed and currently trading above range bound consolidation zone. Stock is also trading above all key moving averages and RSI and ADX are also showing strength on weekly chart.
We are recommending strong Buy around 114-119 with Stop Loss below 97 (Closing Basic) for Target of 155 in next 8-10 weeks.
dhnwealthcare.com
799. End of abc at 72 as false low; Entry point at false low Ideal entry entry point after forming false low or at support .
Sl compulsory
INDIA CEMENTS 60 MINS TIME FRAME WAITING FOR PRICES TO TEST THE ENTRY ZONE. SELL SETUP :)
KEEP IT SIMPLE, KEEP IT UNIQUE :)
HAPPY TRADING, HAPPY PROFIT MAKING :)
NOTE: MY VIEW ONLY....
coming weeks are green for india cement....buy at 111coming weeks are green for india cement....buy at 111........happy investing
INDIACEM SHORT TERM SHORT OPPORTUNITYPossible BAT pattern formation at a strong supply zone. Though the sector is strong this trade looks promising as the Risk Reward is favourable to take a bet.
FOR EDUCATIONAL PURPOSES.
Buy INDIA CEMENTSScenarios have shown a reversal of trend. Divergence coming in with braking of resistance may have triggered a bullish momentum now. Currently it seems the stock has made a slight correction after having shown a minor bullish rally and this correction should now come to an end with fresh bullish pattern again forming at key Fibonacci level of 0.618 which happens to be around 108. 108 has been a key level in the past also which indicates it may again act as support and stock may resume it's freshly initiated bull move. A decisive close above 120 may provide for even higher targets of around 130.
#INDIACEMBottom is confirmed
Reversal confirmation awaited
Support at Gap
Awaited Alignment
Must cross 125 with strength (Long Fibo) for target 145
After Long Time India Cement closed above 50SMA Band. ( 50SMA ClAfter Long Time India Cement closed above 50SMA Band. ( 50SMA Close , High & Low )
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