Cement
Ultratech cement Breakout of reverse head and shoulder a stock is ready for the breakout of reverse head and shoulder pattern on the charts of ultratech cement. And there is a huge buildup near the neckline area. Buy Between 6900-7000 and keep a stoploss of 6650 for the targets of 8000-8200.This stock is above all the important exponential moving averages.
ACC cement near a breakout.Acc has closed just near its crucial resistances.
If the stock crosses 2160 it will cross its 200ema, resistance zone and and will change the trend from bearish to bullish.
On daily chart, it seems bullish and can touch 2200.
Wait for the price to cross 2160 and sustain.
This trade can become a swing trade if closes above 2160.
🔜 bullish move ahead!Technicals
The 50 % retracement of the correction from the bullish movement from the high last April was reached. It's a healthy correction so far.
We're above the EMA 17 and SMA 30 and 50 on a daily basis.
An inverse shoulder-head-shoulder-formation has been built and already broken.
As we have cut through the SMA 200 (red) without any major resistance the last time(s), we could consider it not a significant resistance when moving upwards.
We've got a bullish seasonal pattern in HEI over the last 15 years considering Seasonality. 80 % win rate in the date range from the 24th of February until the 9th of May.
Fundamentals
A growth by 1.5 % in 2022 is expected in the construction sector: www.bauindustrie.de
Construction volume is growing in 2022: www.tga-fachplaner.de
Economic growth is expected in the construction industry: www.deutsche-handwerks-zeitung.de
So I'm bullishly invested.
ULTRACEMO - LONG @CMP 7660Swing Idea:
NSE:ULTRACEMCO - LONG @CMP 7660
Entry -> 7660
SL -> 7395
TGT 1 - 8000 (R:R = 1.3) - Time frame -> 1 month
TGT2 - 8200 (R:R = 2.05) - Time frame -> 1-2 months
TGT3 - 8800 (R:R = 4+) - Time frame -> 4-6 months
Reasoning:
- Stock moving in a channel since 1+year.
- Stock moving on lower end of channel with good consolidation
- On the verge of breaking triangular pattern
Caveats:.
- Can go below channel on global cues, and pandemic news. Shake-up possible.
- Earnings coming up in 3 days, could be a make or break situation
ULTRACEMCO Fut near crucial supportCement sector has been in the buzz since last one year with a strong rally each expiry. ULTRACEMCO has also seen a good move recently and has been travelling through a upward sloping channel. Today at 6755 its at support zone of channel and could be bought for a tgt of 7015 positionally in near term. Recent support zone at 6680 is SL.
India Cement Positional betNSE:INDIACEM
A very promising Multiyear Trendline/Triangular pattern weekly/Monthly breakout on chart.
Demand in cement due to infrastructure boost we can see more rally in cement stocks from here also.
CMP 202
Strict SL 160 on closing basis
Tgts 250 300 350++
time frame 1-2 years
*Note- please consult your financial advisor befor taking any entry or exit.
Thank you
JK LAKSHMI CEMENT:Cement sector stock-4Sl-370
Stocks for the week-4
Hello everyone, this week we are going to invest in many different sectors.
One of which is CEMENT SECTOR(from infrastructure sector).
I will be posting best stocks of cement sector and the % allocation that stock should take in your portfolio.
STOCKS ALLOCATIONS
Stock 1: AMBUJA CEMENTS LTD 25%
Stock 2: ACC LTD 15%
Stock 3: INDIA CEMENTS 15%
Stock 4: JK LAKSHMI CEMENT 15%
Stock 5: SANGHI INDUSTRIES 10%
Stock 6: GUJARAT SIDHEE CEM 15%
Stock 7: BURNPUR CEMENT LTD 5% (penny stock)
So folks feel free to DM or comment.
ACC LTD: Cement sector stock-2Sl-1755
Stocks for the week-4
Hello everyone, this week we are going to invest in many different sectors.
One of which is CEMENT SECTOR(from infrastructure sector).
I will be posting best stocks of cement sector and the % allocation that stock should take in your portfolio.
STOCKS ALLOCATIONS
Stock 1: AMBUJA CEMENTS LTD 25%
Stock 2: ACC LTD 15%
Stock 3: INDIA CEMENTS 15%
Stock 4: JK LAKSHMI CEMENT 15%
Stock 5: SANGHI INDUSTRIES 10%
Stock 6: GUJARAT SIDHEE CEM 15%
Stock 7: BURNPUR CEMENT LTD 5% (penny stock)
So folks feel free to DM or comment.
AMBUJA CEMENTS: Cement sector stock-1Sl-265
Stocks for the week-4
Hello everyone, this week we are going to invest in many different sectors.
One of which is CEMENT SECTOR(from infrastructure sector).
I will be posting best stocks of cement sector and the % allocation that stock should take in your portfolio.
STOCKS ALLOCATIONS
Stock 1: AMBUJA CEMENTS LTD 25%
Stock 2: ACC LTD 15%
Stock 3: INDIA CEMENTS 15%
Stock 4: JK LAKSHMI CEMENT 15%
Stock 5: SANGHI INDUSTRIES 10%
Stock 6: GUJARAT SIDHEE CEM 15%
Stock 7: BURNPUR CEMENT LTD 05% (penny stock)
So folks feel free to DM or comment.
ACC - Weak Price ActionThe price structure looks weak and there is a probability that the stock can fall further towards 1730- 1710 levels.
To continue weakness, should sustain below 1900 levels.
Immediate resistance is around 1860
The trend change level is 1900.
In conclusion, as long as it trading below 1900, any rally if comes in the stock, might be used to create fresh shorts in the stock.
Disclaimer: These posts are for educational purposes, if you are trading this, Trade at your own risk.