KingJB76

INDIACEM : LONG

Long
NSE:INDIACEM   INDIA CEMENTS
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1
::INDIACEM::

RISING WEDGE (on 45mTF)within a larger FALLING WEDGE (on DailyTF), however, broken out of the Falling Wedge .

Trade Setup:
If tests 86. 05 and retraces then can open a long trade at 86.5 for a T1 of 89.10 positional

If breaks below 86. 05 then can test 83.35 and we should see its reaction at this level. If retraces, upmove again till 86. 05 . Else, falls to 8-82 levels.
Trade active: Got support at 85.35 so still up move and next target can be 87.25
Trade active: Broken out of rising wedge & black symmetrical triangle. Tested 100.15 resistance on upside and 94.6 on downside. Now moving up again and will test 96.8 & 98.9 if it has to move up again towards 100.

Comments

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