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Cement

ACC Ltd (NSE: ACC) Weekly Chart Analysis🔹 Channel Support and Resistance The stock has been moving within an ascending channel since early 2022, creating a structured uptrend. Currently, it’s trading near the channel’s lower boundary, around ₹2,357. This zone has historically acted as a key support level, making it an area to watch closely for potential buying interest. 🔹 Descending Wedge Breakout Recently, ACC broke out of a descending wedge pattern, a generally bullish formation, which suggests the potential for an upward move. The breakout is still in its early stages, so continued momentum will be critical in confirming the trend reversal. 🔹 Price Targets First Resistance: ₹2,592.75 – If momentum sustains, this level aligns with a prior high and could act as a short-term target. Channel Resistance: If the stock gains further strength, the upper boundary of the channel could offer the next significant resistance level. 🔹 Cement Industry Tailwinds According to brokerages, Indian cement firms, including ACC, have seen successful price hikes in September, and there are plans for further hikes in October. This is generally positive for margins, adding fundamental support to the current technical picture. 🔹 RSI The Relative Strength Index (RSI) shows an oversold condition that’s starting to turn upwards, suggesting possible accumulation at these levels. 📈 Conclusion: Watch for sustained support around ₹2,357 and an upward move towards ₹2,592. A close above ₹2,592 could indicate renewed bullish strength, especially with ongoing industry tailwinds from price hikes.
NSE:ACC
by AngshumanSaikia
Cement sector- A duopoly?After Adani group bought ACC and Ambuja cements and became an impact player in cement sector of the country there is a chance of duopoly creation in the cement sector as was seen in the case of telecom sector when Jio entered the segment. Although such extreme duopoly will not be created in cement sector as the other regional cement will continue to operate. There is a chance that the plants of regional companies can also be bought as Ambuja and ACC were bought. So both Ultratech and Adani group cement companies should be looked upon and should be added to our personal portfolio keeping in mind the long term vision of the country. Please do your analysis and share your views in the comment section below. Hope you like my idea.
NSE:ULTRACEMCOLong
by ronak16125
UPDATE: PPC shifted the analysis to upside target at R4.26W Formation formed on PPC and there has been a breakout of the downside since December. The M Formation that formed I expected to breakdown never confirmed and so, the analysis has switched.l It's not easy making analysis probabilities with low liquid penny stocks like PPC. Funny I never thought PPC and Penny Stock would be in the same sentence but here we are and it shows how unpredictable markets are. Price>20 and Price>200 - HPT Target R4.26
JSE:PPCLong
by Timonrosso
JK Lakshmi Cements: It could break either way. Be prepared.Key Zones Supply Zone (Resistance) represented by the Red Box. The price has shown a clear rejection in this zone multiple times, indicating strong selling pressure. Demand Zone (Support) represented by the Green Box. Historically, this zone has acted as a strong support, suggesting buying interest in this area. Patterns and Trendlines RSI (Relative Strength Index): Current RSI is around 40.73, suggesting the stock is approaching the oversold territory, but not quite there yet. Key Levels to Watch Resistance: 875 - 900 INR (Supply Zone) Support: 675 - 725 INR (Demand Zone) Intermediate Support: 723.10 INR Possible Scenarios Bullish Scenario: If the price breaks above the descending triangle's upper trendline, it could challenge the supply zone around 875-900 INR. Confirmation would require a strong breakout with high volume. Bearish Scenario: A breakdown below the descending triangle’s lower trendline and the support at 775 INR could lead to a drop towards the demand zone around 675-725 INR. The gap fill mentioned in the chart could be a target area in the event of a breakdown. Conclusion The chart shows JK Lakshmi Cement at a crucial juncture within a descending triangle pattern. Watch for a breakout above the triangle for a bullish move towards the supply zone. Alternatively, a breakdown below the current support could lead to further downside, targeting the demand zone and potential gap fill area. Monitoring volume and RSI will be key in confirming any breakout or breakdown. Overall, traders should keep an eye on these critical levels and patterns to make informed decisions. DISCLAIMER: EDUCATION PURPOSES ONLY. NOT FINANCIAL ADVICE.
NSE:JKLAKSHMI
by MysticMads
"Why Investing in Ambuja Cements Limited Stock is a Smart Move" buy now on 460 price at a lucrative price with potential upside of18 percent wsup mefor more recos 8459 22 0202 Ambuja Cements Limited is a major cement manufacturing company in India. The company was established in 1983 and is headquartered in Mumbai. It is a part of the LafargeHolcim group, one of the world's largest building materials companies. The company operates in various states in India, and also has a presence in the Middle East and Africa
NSE:AMBUJACEMLong
by EasyLife_Advisor
1
UPDATE: PPC Cup and Handle to a Diamond snoozing formationSince the price broke above the brim level for PPC, it's since formed a DIamond FOrmation. There are TWO scenarios we can see: A bullish Diamond broadening formation. It resembles a diamond with high volatility and jumpiness between the price range. We wait for the diamond to form and then wait for the breakout to the upside. A bearish Diamond broadening pattern, where the price breaks below the support of the diamond formation. TIPS FOR BOTH It is common to see Diamond formations to form in up or down trends and then break either way. So we do need to wait for the breakout. I am cautiously optimistic as the previous trend was up, the price is above the 200MA. And so the target remains at R4.40.
JSE:PPCLong
by Timonrosso