Long

India Cements ,Weekly , Confluence of factors suggesting Long

Mis à jour

On 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.

Note

Throwback has occured today ,if the price holds 190 levels ,longs can be initiated.

Note

Transaction en cours

piercing pattern formed at support on hourly chart .
longs were initiated just above the piercing pattern and the red trendline

Note

profits may be booked at 200 levels

atul4b95

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