INDIACEM - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.0

Here’s a detailed technical analysis of India Cements Ltd (INDIACEM)

📊 Trend Overview

Phase: Reversing with bullish momentum

Price Action: Trading above both 50-DMA (₹375) and 200-DMA (₹338), indicating a strong recovery from prior lows and trend reversal.

Volume: Significantly below average (2.28L vs 4.46L), suggesting reduced participation and potential for short-term consolidation.

📈 Momentum Indicators

RSI (58.5): Neutral-to-bullish zone — indicates improving momentum with room for further upside.

MACD (8.36): Strongly positive — confirms bullish momentum and trend continuation.

Bollinger Bands: Price likely near the upper band, suggesting strength but also potential for short-term resistance or pause.

🧭 Chart Patterns

Rounded Bottom Formation: Price recovery from ₹239 forming a smooth base — bullish reversal setup.

Breakout Attempt: Price testing resistance near ₹400–₹413, a breakout could trigger a fresh rally.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 375 50-DMA, short-term base

Support 2 338 200-DMA, long-term support

Support 3 310 Previous swing low

Resistance 1 413 52-week high, immediate ceiling

Resistance 2 430 Psychological level

Major Resistance 460 Extension target if breakout occurs

🎯 Entry & Exit Zones

Optimal Entry: ₹375–₹399 (on dips with volume confirmation)

Short-Term Target: ₹413–₹430

Exit Zone / Stop-Loss: ₹338 (below 200-DMA)

🔄 Short-Term Outlook

Momentum: Strong and accelerating

Bias: Bullish above ₹375; cautious below ₹338

Phase: Reversing — with breakout potential

🧠 Key Takeaways

INDIACEM is showing a strong reversal from its lows, backed by bullish indicators and moving average alignment.

RSI and MACD confirm momentum, while price action suggests a breakout attempt near ₹413.

A decisive close above ₹413 with volume could unlock upside toward ₹430–₹460.

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