India Cements ,Weekly , Confluence of factors suggesting Long

Jan 7, 2018

INDIACEMOn weekly charts ,there is a breakout from flag pattern and triple bottom has been confirmed.
the pullback of the flag coincides with 50% fib retrace.
Long positions may be initiated at a throwback to the flag or after consolidation breakout on lower time frame .
Its trending above its 200,62 and 13 period EMA and after bullish crossover of 13,62 EMA has taken support on 62 EMA.

Jan 9, 2018

Note

Throwback has occured today ,if the price holds 190 levels ,longs can be initiated.

Jan 9, 2018

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Jan 10, 2018

Trade active

piercing pattern formed at support on hourly chart .
longs were initiated just above the piercing pattern and the red trendline

Jan 10, 2018

Note

Jan 15, 2018

Note

profits may be booked at 200 levels