It has formed a CUP chart pattern in India Cements and recently has broken the neckline after 16 years. The best way to trade a chart pattern is to wait for the neckline to retest after the breakout. Once it turns around and the upside move continues, you can enter the trade. Volume is a crucial factor in this analysis. It increased significantly as the price...
India Cements super structure Looks good for med term to LT. Good example to study. This chart is posted to enhance your learning. Do check with your financial advisor before taking any trade.
#Indiacement going long breakout of diagonal pattern
NSE:INDIACEM best level to take buy entry is 240 with stop loss of 224 (-16 Points). My expected upside target will be 260 (+20 Points). Note: This is my personal analysis, only for learning. Thanks.
NSE:INDIACEM Broke out of a major expanding channel pattern. Breakout candle is very bullish and volumes are heavy on the buy side. Price is in a low volume consolidation mode in the form a rising channel pattern on hourly timeframe. Momentum is expected to continue after the break of this pattern. One can enter at C.M.P with entire position for 2:7 Risk...
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
This could keep moving higher till it doesn't break the trendline.