The stock is poised to give a massive 7 years break out, with a massive increase in volume, and weakly movement is very strong. this weak closing will be very important, keep a close watch on the stock.
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.
The stock is at a crucial level, a break above 178, will open the room for the prices to reach the level of 256 and above with the stop of the swing low, it is a good risk to reward trade. moreover, the volume has also increased in the past few weeks. a stock worth adding to your watch list.
on weakly chart the stock has given a breakout on weakly chart, and after the breakout, it has also retested the channel and is trading above strong support of 530, one may enter the trade with a SL of 525 for the target of 600, 740, and then the sky is open.
the stock was consolidating near the bottom of listing day marubozo candle. looking at the 4 hours and 1-hour chart.
the stock has given a breakout from the consolidating zone. It would be interesting to see if the stock will sustain that break out.
if stock sustains the breakout we may see the price of 214 to 216. and if the stock gives a breakout from the 214...