NSE:IGL is forming descending triangle and it would be worth a long shot for Dec series. Targets are marked on the chart
SL for longs can be - 205.
Would be best to play in cash or play with long synthetic split option strategy ( Sell put at strike A ( close to SL level ) and buy call for strike b ( potential target level or ATM call option )
Let's see which...
NSE:INDIACEM forming flat bottom or descending triangle. After breaking bullish trend line
If a candle break below 226 and sustain bullish move will continue.
Main support area is around 180
INDIACEM:- The stock has come for retesting by giving breakouts on both the monthly and weekly charts.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to...
Buy India cements as it has broken a crucial resistance of 260 decisively on daily and is about to close it on weekly as well. Buy till 260 for 300 as first target and 330 for second target with a stoploss of 240.
NOTE - THIS IS JUST FOR EDUCATIONAL PURPOSE TRADE CAREFULLY WITH YOUR OWN RISK
india cement is looking bad in weekly time frame, as its facing a big resistance at 318 zone to 290 zone. if it is not breaking 318 then double top is being confirm and it will drop more.
