INC05 trade ideas
INDIACEM B @ 232 & TARGET @ 235Dear Traders,
INDIACEM B @ 232 & TARGET @ 235
Many people made huge profits last week and as per my predictions , the market was running same direction and entry and exit strategies where bang on target.
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India Cements IndiaSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
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INDIACEM :: (Study) Channel lines, Key FIB & S/R Levels/**
Entry 211 - 215..
Initial StopLoss 189
Read about Risk management before taking any position.
Technicals:
-- LONG Buildup & nearing very key Breakout levels.
-- Price is making HH & HL & breaking many resistance levels in the last few weeks.
-- Very Bullish once the price sustains above FIB 3.618 level (price 211+) ..
-- This level is important coz the share price will cross :
:: 52 weeks high
:: 4 Months+ correction (or accumulation) high
:: as well as 4 years High
Current Fundamentals:
- Last one year Earnings & Margin are 4 years of high
Caution : Smallcap stock... Prefer allocating <5% of your capital. And consult your financial advisor to know more about the risks associated with buying / selling shares.
**/
Long Trade on India Cements On looking over the 15m time frame we clearly see a Volume Contraction Pattern (VCP) , it is a very good long trade having the Stop Loss below the second leg of the VCP pattern and an easy 1:2 move can be expected from this setup, rest can be trailed for the higher profits. The above trade setup is done for the day 14.06.2021. Please like if you got some profits or found it useful.
Thank you.
Breakout in India CementsNSE:INDIACEM
*Buy India Cements*
T1 - 230
T2 - 300
SL - 150
Investment/trading opportunity in India cements. It has the potential to reach all time high too.
Triangle pattern breakout.
Holding range - Few months
It has the potential to real all time high too.
* Trade Confirmations*
- Increase in average volume.
- Breakout after consolidations in trend line.
- Breakouts in monthly time frames has high probability.