INDIACEM - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.5

Here’s a sharp, momentum-driven technical breakdown of India Cements Ltd. (INDIACEM)—focusing on price structure, short-term signals, and strategic levels

📉 Trend Overview

Current Price ₹366 is trading above both 50-DMA (₹339) and 200-DMA (₹320) → confirms a bullish structure in the short and medium term.

Stock is close to its 52-week high (₹382) and has rallied over 50% from its low of ₹239 → momentum is clearly building.

🧭 Trend Status: Reversing upward, with strong breakout momentum and improving price behavior.

🔁 Momentum Indicators

RSI (62.0): Approaching overbought zone, but not extreme → suggests strength, not exhaustion yet.

MACD (7.25): Positive with rising histogram → confirms ongoing bullish momentum.

Volume (5.99L) vs Avg Vol (8.31L): Slight dip in participation → could be a healthy pause before continuation.

📊 Bollinger Bands

Price likely trending near the upper band, consistent with strong upside push.

No squeeze seen → confirms breakout rather than compression.

📐 Support & Resistance Matrix

Zone Type Price Range (₹) Commentary

Support 350 – 360 Recent breakout base and RSI pivot level

Resistance 375 – 382 52-week high zone and prior rejection level

Breakout Zone 385+ Above yearly high → unlocks fresh upside channel

🎯 Trade Strategy

Entry Zone: ₹355–₹365 (retest of support zone + strong momentum setup)

Exit Zone: ₹375–₹382 (profit booking near resistance ceiling)

Stop Loss: ₹345 (below support zone and trendline structure)

🔍 Conclusion

INDIACEM is in a strong reversal phase, confirmed by a positive MACD, rising RSI, and bullish moving average alignment.

Fundamental weakness (negative PAT, ROCE, ROE) remains a concern, but technicals suggest traders are focusing on turnaround potential.

A volume-driven breakout above ₹382 could target ₹405–₹420 levels next.

Curious to know which cement sector peers are riding similar turnarounds—or ready to pop next? I can scan Ambuja, ACC, and UltraTech for you and highlight which charts are heating up 🔦📈

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