Multiple Trade confirmation- RAMCOCEM
- Type of trade- Swing Trading.
1) Entry: 995 to 1001 2) SL: 75 3) Target- 1030
4) Time Target- 5 to 20 Days
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-Multiple confirmation from Moving average
- Respecting support as it has tested support level 3 times since Feb'21.
-Triangle Breakout in day timeframe
- Double exponential MA confirmation
- Crossed MACD
- RSI is currently at 58.60
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This is just a study and I have all right to be wrong. Kindly do your own study before entering in this trade.
Note- Add in your watchlist and keep a track on it. I have added multiple indicator and studies to find the additional confirmation.
I follow only 2 indicator which gives me decent Risk Reward. Exceptions for gap up and gap down.
1) Entry: 995 to 1001 2) SL: 75 3) Target- 1030
4) Time Target- 5 to 20 Days
----------------------------------------------------------
-Multiple confirmation from Moving average
- Respecting support as it has tested support level 3 times since Feb'21.
-Triangle Breakout in day timeframe
- Double exponential MA confirmation
- Crossed MACD
- RSI is currently at 58.60
------------------------------------------------------
This is just a study and I have all right to be wrong. Kindly do your own study before entering in this trade.
Note- Add in your watchlist and keep a track on it. I have added multiple indicator and studies to find the additional confirmation.
I follow only 2 indicator which gives me decent Risk Reward. Exceptions for gap up and gap down.
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