KCP LTDLong
KCP :: LONG Buildup with Volume & Momentum
Updated
-- Buy at current levels (136 -143) with Initial S/L 132
-- Add more near 152- 155 if price sustains and/or retraces to these levels.
-- Trail your SL using Super trend indicator or given FIB levels
-- Use FIB levels as targets depending on your holding time.
Conviction reasons::
-----------------------
-- Price broke two resistance trendlines with good volume and is nearing triangle APEX.
-- high delivery volumes seen last two weeks.
-- Momentum jump seen in RSI
/**
Caution : Smallcap Cement stock... Prefer allocating <5% of your capital.
Trade only if you know about what is Risk Management.
And consult your financial advisor to know more about the risks associated with buying / selling shares.
**/
-- Add more near 152- 155 if price sustains and/or retraces to these levels.
-- Trail your SL using Super trend indicator or given FIB levels
-- Use FIB levels as targets depending on your holding time.
Conviction reasons::
-----------------------
-- Price broke two resistance trendlines with good volume and is nearing triangle APEX.
-- high delivery volumes seen last two weeks.
-- Momentum jump seen in RSI
/**
Caution : Smallcap Cement stock... Prefer allocating <5% of your capital.
Trade only if you know about what is Risk Management.
And consult your financial advisor to know more about the risks associated with buying / selling shares.
**/
Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.