INDIA CEMENTS – Powerful Breakout from a Symmetrical Triangle

After months of coiling price action, India Cements finally broke out of a clean symmetrical triangle on the 4-hour chart. The breakout came with a solid volume expansion, showing that bulls have been waiting for this move. Price surged quickly past the resistance line, followed by a short pullback — a healthy sign that buyers are trying to confirm the breakout zone as new support.

On the fundamentals side, the company recently approved a ₹4.4 billion capex plan for capacity expansion and modernization — a strong statement of growth intent that’s clearly adding fuel to the technical breakout.

Technically, the structure suggests momentum could continue if the stock manages to stay above the triangle’s upper boundary. The recent price compression and expansion rhythm often lead to strong directional moves, especially when backed by improving volume.

Watching how it behaves around the ₹400 zone will be key — hold above it, and the setup stays valid.

Let’s see if bulls can defend this fresh breakout.
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