SHREECEM Buy signal at 21198 Long

SHREE CEMENT LTDNSE

Description

⋅ Oct 11, 2020 5:19 AM

I will go LONG on SHREECEM because:
The price is forming a Chanel or Rectangle Pattern .
The price is also under Support/Resistance zone.
It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 21198
Target - 23350
Stop loss - 20500

Trade closed: target reached

⋅ Dec 11, 2020 12:40 PM

Comments

Agya0904

⋅ Dec 12, 2020 10:09 AM

Target reached but after hitting your SL. Anyways cheers!!!

Deepak_dc93

⋅ Dec 12, 2020 3:01 PM

@Agya0904, yea but i did not sell it

Agya0904

⋅ Oct 12, 2020 6:36 PM

22000 can prove to be a good resistence. Please keep a watch. I would have shorted at 21450 sl 22000 for target of 20650/20450. Please do let me know what happens.

Deepak_dc93

⋅ Oct 14, 2020 8:16 AM

@Agya0904, 22300 we can look at booking profit , It may fall after reaching 2300

Agya0904

⋅ Oct 15, 2020 9:49 AM

@Deepak_dc93, It has fallen from the level that were spotted earlier.. Mostly it will fall further. Are you still long?

Deepak_dc93

⋅ Oct 15, 2020 11:10 AM

@Agya0904, Yea will wait till tomo