INDIACEM--> FALLING WEDGE BREAKOUT + BOX CONSOLIDATION BREAKOUT

INDIACEM

TECHNICAL ANALYSIS
--> INDIACEM is on the uptrend on a bigger timeframe forming Higher Lows.
--> INDIACEM has given a breakout of the FALLING WEDGE pattern previously.
--> Now INDIACEM is on the verge of breaking out of the BOX CONSOLIDATIONpattern.
--> INDIACEM has given consecutive closing above the POC (Point of Control-Volume Profile) and cluster of 9EMA, 21EMA& 50 EMA.
--> Stock has tested the top of the BOX RESISTANCE multiple times ,so next time there is a hIgh probablity of breakout.

ENTRY
--> Take a postion when stock gives 1 HR closing above 218.50.

STOPLOSS
--> SL can be placed below the Breakout Candle at 208.

TARGET
--> Target 1 will be around 229 which is a weekly Resistance.
--> Target 2 will be around 249 which is the next Resistance near ATH.