nidinsree

Long Trade on India Cements

Long
NSE:INDIACEM   INDIA CEMENTS
On looking over the 15m time frame we clearly see a Volume Contraction Pattern ( VCP ) , it is a very good long trade having the Stop Loss below the second leg of the VCP pattern and an easy 1:2 move can be expected from this setup, rest can be trailed for the higher profits. The above trade setup is done for the day 14.06.2021. Please like if you got some profits or found it useful.
Thank you.
Comment: Also there us a demand zone which gives it an additional reason to move up.