Swingtrader20192015

Breakout from Triangle Pattern, Go Long in India Cement

Long
NSE:INDIACEM   INDIA CEMENTS
India Cements has given breakout from triangle pattern on daily chart .

Volumes were 3X on the day of breakout. Continuation of breakout seen today

Try to go long in India cements between 125-127 for targets of 135-138 and SL at 122.75.

Trade active: Entered at 126.5
Comment: India cements moving towards target. Trail SL to cost and wait for target of 135
Trade closed: target reached: Book profit @134.5-134.7. RRR - 2.13