INDIA CEMENTS : SIDEWAYS WITH MILD BEARISH BAIS
India Cements has been in an excellent Bullish Channel for a Long Time now.
Prices are moving in a sideways Channel forming a Triple Top & Ascending Triangle Formation.
However, formation of a Triple Top & confluence of other resisting Trendlines gives us a short-term mildly bearish view.
Sell for Targets of 194/179 levels.
Stop Loss at 214.
Prices are moving in a sideways Channel forming a Triple Top & Ascending Triangle Formation.
However, formation of a Triple Top & confluence of other resisting Trendlines gives us a short-term mildly bearish view.
Sell for Targets of 194/179 levels.
Stop Loss at 214.
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