BUY CALL!1) Green arrows supports for the price. High chance of retracement.
2) Target price in chart mentioned
3) Increase volume as compare to previous day denotes buying side.
4) Price might go above the TP.
5) Feedbacks always appreciated!
BURNPUR trade ideas
Burnpur Cement is long candidate at this level Burnpur can be bought at this level. Company might sell one of its newly establish plant to come out of debt.
Trail SL to pocket gain.
divergenceadx above 25
adx and price are in opposite direction ( divergence)
Elliot wave 5 complected
volume increases = volatility decreases = price increases
BurnPur CementCMP 10.3
SL: 7.50Rs (Strictly)
Trigger Buy: When Price Moved Above 11Rs
Resistance: 16-17.5Rs
Note: Once price Move Above 18 with Volumes, Multi Year brkout confirms. Targets r Open.
Flatish to bull like trend -BURNPURPrice movement show supply and demand stable, buyer on the move slowly, expecting a up trend
