Hi! I trade NSE stocks using Demand and Supply zone strategy, mostly in Weekly time frame.
Here's a trading plan for INDIACEM
Weekly location: Equilibrium
Daily trend: Up (Let's go long)
Hourly zones: Demand zone marked on chart
Trade duration (max): 1 week
Note: Target, Entry and SL on chart
The stock has formed a beautiful Roof Pattern it gave false breakout today and came back. One can trade the stock by providing small Stop Loss high of today and look for a target of 140. Risk to reward ratio works out decent.
Head & Shoulder pattern formed at the top of current rally is suggesting a reversal now. It is trading below the neckline so one can short the stock and look for the target of 140.
