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MohammedJunaid
Jan 30, 2018 11:54 AM

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

SHREE CEMENT LTDNSE

Description

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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