India cement is in consolidation of last 5 months, it seems to me like the consolidation is about to get over, and India cements is going to have some good time in the near future. the RSI seems to be in a good range. lets see that the future is hiding in it.
DATE: 11 MAY 2021 INSTRUMENT: INDIACEM TREND: BUY TIME FRAME: DAY CMP: 168.70 BUY ABOVE: 170 STOP LOSS: 163 TGT 01: 179 TGT 02: 184 DISCLAIMER: We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
Chart is Self Explanatory. A retest after the breakout on the resistance turned support augers well for a good up move.
This could keep moving higher till it doesn't break the trendline.
Price at resistance. Volatility is low and price action yesterday was interesting.