India Cements ,Weekly , Confluence of factors suggesting Long
INDIACEMOn weekly charts ,there is a breakout from flag pattern and triple bottom has been confirmed.the pullback of the flag coincides with 50% fib retrace.
Long positions may be initiated at a throwback to the flag or after consolidation breakout on lower time frame .
Its trending above its 200,62 and 13 period EMA and after bullish crossover of 13,62 EMA has taken support on 62 EMA.
註釋
Throwback has occured today ,if the price holds 190 levels ,longs can be initiated.註釋
交易進行
piercing pattern formed at support on hourly chart .longs were initiated just above the piercing pattern and the red trendline
註釋
註釋
profits may be booked at 200 levels
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