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MetaVish
Dec 16, 2020 6:39 PM

RAMCOCEM - Bearish flag formation in an hourly chart Short

RAMCO CEMENTS(THE)NSE

Description

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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