INDIACEM - Time to buy?Holding on to the weekly trendline.
Breakout abv 233 will confirm this scenario
Earnings are improving QoQ.. Couple of better earnings will set the stock to steer higher
But has to be held with SL 190 keeping the exposure minimal...
Pyramiding will be better instead of averaging in this scenario
INC05 trade ideas
Long-Term Investment Recommendation: India Cements Ltd (INDIACEM### Long-Term Investment Recommendation: India Cements Ltd (INDIACEM)
#### Trade Setup:
- **Current Price (CMP):** 230
- **Entry Point:** Consider entering upon a confirmed breakout above 237.
- **Target 1:** 298 (25.7% increase from 237)
- **Target 2:** 382 (61.2% increase from 237)
- **Stop Loss (Short-Term):** Below 214
- **Stop Loss (Long-Term):** Below 170 (deep stop to account for volatility)
- **Accumulation Zone:** Accumulate shares between 223 and 215
#### Analysis:
India Cements Ltd is forming a rounding bottom pattern, suggesting a potential continuation of the bullish trend. A confirmed breakout above 237 could signal a move towards new all-time highs (ATH). Long-term targets are set at 298 and 382, offering attractive upside potential. Short-term traders can manage risk with a stop loss below 214, while long-term investors can use a deeper stop loss at 170. Accumulating shares in the 223 to 215 range can provide a good entry point for investors.
#### Disclaimer:
This investment recommendation is for informational purposes only and does not constitute financial advice. Investing in stocks involves significant risk and may not be suitable for all investors. It is essential to conduct your own research and consult with a financial advisor before making any investment decisions. Only invest with capital that you can afford to lose, and ensure you understand the risks associated with stock investing. The author is not responsible for any losses incurred from following this recommendation.
Indiacem is ready to flyIndiacem can double from here with in a year. Sl below the trend line.
Chart is self explanatory. Please follow the price action & take the trade as per your appetite.
The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research.
Request your support and engagement by liking and commenting & follow to provide encouragement.
🔥 15% - 25% Upside Potential | IndiaCementNSE:INDIACEM #INDIACEM
✅ Buy Level - Rs 225 - Rs 230
✅ SL - Rs 214
✅ Target - Rs 250/255/269/275
✅ Flag and Pole Pattern Breakout
✅ Golden Crossover at 1 Hr Timefram
Trade :-
✅ Buy Future @ Rs 225 - Rs 230
✅ Buy May 240 CE - Rs 7 - 8 | Target 12/16/19/22/29/35
✅ Apr 1300 CE - CMP 20
Look at the chart for more information
India Cements levels for Intraday and Investment As per my analysis. INDIACEM is in uptrend. Important levels (SL) will be 256.00 for conservative trading, for Investor can hold with 232 to 216 SL on day closing.
First Target will be 298 to 302
Second Target 365 to 375
Please do your due diligence before trading or investment.
Thankyou.
India Cements Should be soon above the INR 300 mark.The cement stocks have had a great 2023 and many are looking to carry the run forward into 2024 as well.
India Cements was spotted displaying a minor Wave I from Nov 1 till Dec 14.In this wave the stock swiftly moved 35% up in a short time of 1.5months
Wave II was a 38.2% retracement of the wave I.
Between Dec 21 and Jan 4 the stock completed a leading diagonal which is the first leg to the bigger Wave III anticipated in the stock.
The wave III target is projected at INR 325-340 zone and the stock should be expected to gain a strong momentum in coming days once it closes decisively above the INR 275 mark.
On the down INR 245 could be considered for a "SL".
India cement rocket in cement space for 300+ Buy On DipApart from some negative result .. Turning story change the sentiments .
Annual Revenue up by 15%, Debt to Equity 0.55 , Quarter net profit up by 29%, Mutual fund holding increase by 1.10% in last quarter. SL 245 Weekly close below buy for 282-293-302-335
After 335 review more.
P.N.: Its educational purpose . Not SEBI research analyst.
#INDIACEM Looking good at given level#INDIACEM... ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
India cements target 220-235 by Jun23On long term frame it has taken support near the channel and consolidating there showing strength around 185-192levels. With summers in most part of the country the cements businesses are at peak levels of construction and infra activities before monsoon.
With reasonable valuation and time correction India cements has become a good long around 185-95levels for immediate targets of 220-245 and positional targets of 265 by Q2 FY 23-24.
Bears activated in India CementIndia cement looking bearish on chart, it has broken support and now it came to retest its resistance area and got proper rejection from this resistance,,, now this can move towards 198/190 which is almost giving 25+ points.. keep a stop loss at 229.
Please Do Like, Follow & comment if you like my idea..
Thankyou.