India Cements ,Weekly , Confluence of factors suggesting Long

7 thg 1, 2018

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.

9 thg 1, 2018

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

9 thg 1, 2018

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10 thg 1, 2018

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

10 thg 1, 2018

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15 thg 1, 2018

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profits may be booked at 200 levels