Stock is currently trading in a proper channel where the lower T/L has been touched 4 times and rebounded showing strong support The upper T/L has been touched 2 times and the market has rebounded But most importantly RSI has spiked up stock ended up closing above the previous day closing There might be a slight pressure around 1190-95 zones because it has failed twice to cross its 50 day moving average TRADE VIEW BUY @ 1170-80 zones STOP @1164.75 (1166 is a strong support zone) TARGET 1 @ 1190-95 (short-term)/(day trade) TARGET 2 @ 1215 (swing trade)/(wait for close above 50-dma)-IMP*****
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REDUCE YOUR STOP TILL 1160
Trade closed: target reached
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stock reached our target besides bad news on cement sector As mentioned it bounced back after touching 50-dma
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Once again one can execute fresh longs with a stop @ 1160 wait for the price to close beyond 1193-95 if does then Target can be 1210
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Already second trade giving returns watchout today it may close above 1192 if does hold your position !!enjoy!!
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Hold on to grasim
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HAPPY MONEY MAKING TIME IN CEMENT SECTOR MUST IMPORTANTLY GOOD INVESTORS BUY ON BAD NEWS...... TODAY THE STOCK MANAGED TO CLOSE ABOVE 50 DAY MOVING AVERAGE WHICH HAS BEEN A PROBLEM..... !!ENJOY WATCH OUT FOR BTST/STBT CALLS @3:20
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HOPE TRADERS EARNED MONEY TODAY HAPPY TRADING WAIT FOR 3:20
Trade closed: target reached
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FRUITFUL TRADE IN GRASIM THE STOCK WAS RECOMMENDED ON 19TH NOV FOR POSITIONAL TRADE AND AS WELL AS ON 23TH FOR BTST BOTH HIT OUR TARGETS !!HOPE YOU EARNED GOOD MONEY!! !!PLEASE LEAVE A COMMENT OR A LIKE!! !!FOLLOW ME!! !!WATCH-OUT EVERYDAY @ 3:20 FOR BTST/STBT CALLS!!