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Technicals for The India Cements Limited
By MusingTheNews
2026-02-03 20:40
Overall Technical outlook
Price Summary
INDIACEM's shares experienced a significant 4.18% increase, indicating a robust market performance. On 2026-02-02, The India Cements Limited's stock opened at 440.0, spiked to 465.75, declined to 437.0, and closed 4.18% up at 458.4, with 1357388 shares traded. The peak price for the stock in the past 52 weeks is 478.55, with the lowest price being 246.65. According to 4 analysts, the future price is anticipated to vary between 115.0 and 600.0, with an average expected price of around 359.25.
Technicals
Support and Resistance: The price for INDIACEM at 458.4 finds support at 440.25 and resistance at 469.15. This suggests a trading range, where 440.25 serves as a support level and 469.15 acts as a resistance point, potentially capping further gains. Support/Resistance for INDIACEM
Aroon: The AROON is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Aroon chart for The India Cements Limited
Bol. Bands: The BOLL BANDS is currently in a neutral position for The India Cements Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent. Bolinger Bands chart for The India Cements Limited
Parabolic SAR: The PSAR for INDIACEM continues to indicate a bearish outlook, reinforcing a resistance level that could limit upward potential. This suggests that the market may remain under bearish control, with resistance acting as a barrier to significant upward movement. Parabolic Stop and Reverse chart for The India Cements Limited
Stochastic: The STOCHASTIC is showing a neutral stance, with no definitive indication of an upward or downward trend for INDIACEM. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move. Stochastic chart for The India Cements Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are aligned bearishly, signaling a downtrend. However, the slopes of the 20 and 50 SMAs are starting to waver, indicating that this bearish momentum might be losing strength. This could suggest an upcoming shift towards bullish price action, as the market's current downward trend may be approaching a reversal, potentially leading to a new upward move. Tripple SMA chart for The India Cements Limited
To properly assess the technical data of a company, it's important to first look at its fundamentals, such as its earnings, growth potential, and management effectiveness. Equally, understanding the industry trends, competition, and external economic factors that influence the company is vital. This holistic view helps draw meaningful conclusions about the company's technical performance, allowing investors to better gauge its stock price behavior, volatility, and market trends.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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