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MohammedJunaid

SHREECEM: DisJntAngle BuyOnly@16990 SL:16750, TGT:18160

Long
SHREE CEMENT LTD (NSE:SHREECEM)  
MohammedJunaid Updated   
NSE:SHREECEM   SHREE CEMENT LTD
Wedge Support and Resistance Trend Lines mjstocks
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wedgepattern supportandresistance trendline mjstocks
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)
Comment:
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 18160
Trade closed: stop reached:
SL Reached in SHREECEM. Exit open positions at 16750
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