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Shree Cement - Buy Idea - Active also
Tested the heights now there might be downfall for short period of time until next support
Short if Monday candle closes below Friday's close.
get ready big move
buy above 16450
for short term
expecting some good move in cement sector as overall most of cement companies are showing good momentum
Updated in charts...
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
buy shreecem above 14900
Just as observation plan your trade accordingly..
Shree Cements broke out of trendline on hourly .
Has also formed a pin bar at support level on daily timeframe .
Levels mentioned on charts .
See the Chart...
Its look like Shree cement is in distribution phase...if it breaks the line in weekly chart..then it will mark down sharply
AS per charts
06 SEPT 2018
STRONG SUPPORT 18000-18100
IF HOLDS LIKELY TO BOUNCE.
(REVERSAL ABOVE 18400)
#Buy SHREECEM at level 17800 to 17500 stop loss- 17,200 Target 19,000 in 5-6 days.
Converging trendlines in hourly timeframe
Stop 18800 (Weekly Close Basis)