SHREECEM: DisJntAngle BuyOnly@16990 SL:16750, TGT:18160
Updated
SHREECEM traded more than average Volume on NSE today with loss of close to 3% however with OI close to 2.6% which suggests that SHREECEM downtrend is about to complete and its close to reversal at lower end of Disjoint Angle formation.
Hence Buy SHREECEM only around 16990 with SL of 16750 and Target of 18160 (atleast 45 sessions)
Hence Buy SHREECEM only around 16990 with SL of 16750 and Target of 18160 (atleast 45 sessions)
Note
Made a New Low of 17150 as per expectation.Trade active
Trade Active as SHREECEM touched triangle line and close just above it. BUY SHREECEM at 16990 with Stop-loss of 16680 and Target of 18160Trade closed: stop reached
SL Reached in SHREECEM. Exit open positions at 16750
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