Completing pricewise Correction near 170 and expecting complete the timewise correction till January second week...can go long for target 250 with SL 165
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Entry 211 - 215..
Initial StopLoss 189
Read about Risk management before taking any position.
Technicals:
-- LONG Buildup & nearing very key Breakout levels.
-- Price is making HH & HL & breaking many resistance levels in the last few weeks.
-- Very Bullish once the price sustains above FIB 3.618 level (price 211+) ..
-- This level is important coz the...
this is the educationl porpous only.this stock is not only techinaly stong it is funmedaly also it perfomeing good past three quters that also one reson for i will pick the stock
there is a formation of curve on the charts on weekly time frame which can be bullish in the future and it can also break trend line on monthly time frame.
IndiaCem Seems good for long term.
It has breached Daily Consolidation Box.
Portfolio Pick
#chaiwithanoop
#indiacem
#dailyconsolidation
#nifty
#banknifty
after earning release had heavy sell its seems to be like triangle formation in it as demand too
risk : reward - 9:35 or 17:55
entry :184.05
stoploss:182.95
target 1: 195.5
target 2: 203
final target : 230
On looking over the 15m time frame we clearly see a Volume Contraction Pattern (VCP) , it is a very good long trade having the Stop Loss below the second leg of the VCP pattern and an easy 1:2 move can be expected from this setup, rest can be trailed for the higher profits. The above trade setup is done for the day 14.06.2021. Please like if you got some profits...
NSE:INDIACEM
I have already posted this.
It has given successful triangle breakout.
Target and stop loss are mentioned in the picture
Thank you!
Happy trading/investing
NSE:INDIACEM
*Buy India Cements*
T1 - 230
T2 - 300
SL - 150
Investment/trading opportunity in India cements. It has the potential to reach all time high too.
Triangle pattern breakout.
Holding range - Few months
It has the potential to real all time high too.
* Trade Confirmations*
- Increase in average volume.
- Breakout after consolidations in...
An cup and handle pattern can be seen .
Buy IndiaCem abv 193.
trgt -211-216-225.
stop loss 180
Disclaimer: The above is shared just for educational purpose and is my personal view.
By no means shall I be accountable for any debits/losses amounting out of it.
I am not a SEBI registered Analyst, so please consult your Investment Advisor and take rational decisions
