Ultracem - on the way up?
Updated
Conservative investors could wait for the inside candle to cross 3725. More adventurous investors could straight away go long. I have gone long. The 3 line Break and Renko on the 30 minutes chart are also looking good.
SL below 3630 Immediate Targets around 300+ points from present price to about 40000. Cement is quite volatile so a trailing SL is a sensible plan. Presently the SL below 3630 makes for a pretty good risk/reward ratio.
Apologies for this cluttered chart but I wanted to pack in as much information as possible.
SL below 3630 Immediate Targets around 300+ points from present price to about 40000. Cement is quite volatile so a trailing SL is a sensible plan. Presently the SL below 3630 makes for a pretty good risk/reward ratio.
Apologies for this cluttered chart but I wanted to pack in as much information as possible.
Note
Breakout from inside candle positionNote
30+ points per lot up since my long entry... hoping for another 50 points rise...Note
Going up beautifully. Its all about candles... the quickest way of seeing where the price may be going. Of course - the interpretation has to be correct.Trade closed manually
Closed @3767... shall trade again depending on expiry price action
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