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financial_freedom_with_guna
Sep 8, 2020 6:16 AM

Shreecem Monthly/Weekly/Daily/240 min 19250-17831  Long

SHREE CEMENT LTDNSE

Description

Shreecem Monthly/Weekly/Daily/240 min 19250-17831


pro:
1. m/w/d/240 co-inciding levels
2. 2 exciting candle 240 min
3. 2 daily exciting candles
4. 25% inside monthly zone origin


con:
1. level over levels, so execution zone in 240 min is fat
2. not much explosive move in execution 240 min
3. origin of the move is other 75% apart from the monthly location zone,, so still more room to go down inside the monthly damnd zone


Comment

Entered and showing a confirmation if this 60 min new demand zone is respected around 19400

Trade closed: target reached

reacted from 2nd origin level

Comment

even though the price was reacting from the upper level at top of monthly demand, it dropped back again t the origin inside the same monthly zone, then given good bounce
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