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MetaVish

RAMCOCEM - Bearish flag formation in an hourly chart

Short
RAMCO CEMENTS(THE) (NSE:RAMCOCEM)  
MetaVish Updated   
NSE:RAMCOCEM   RAMCO CEMENTS(THE)
Flag Parallel Channel RAMCOCEM
2
0
flagpattern parallelchannel ramcocem
Hi Swing Traders,

After a nice upside run, RAMCOCEM has formed a nice bearish flag (in a perfect channel form). It might retrace to re-confirm the first break-down point. Rest is drawn in the chart for the probable future direction.



I hope you will benefit from this knowledge
-MetaVish
Trade active:
Perfect 2nd touch at 868 and now it is falling.
Trade closed: target reached
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