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neeraj_2_sharma
Oct 31, 2023 2:47 AM

Trading setup_wave 5 begins in SHREECEM Long

SHREE CEMENT LTDNSE

Description

ShreeCement is expected to move from current levels towards 27500 mark in wave 5.

The stock is seen taking support from previous 4th wave lows.

Target - 27500
Sl - 25250

Trade closed manually

Comments
manishsharmadw
sl hit
neeraj_2_sharma
@manishsharmadw, no SL is intact but price action on smaller time frame not convincing enough for me.
manishsharmadw
@neeraj_2_sharma yes I think market will first hit sl making m pattern at resistance on smaller time frame but on bigger timeframe it will give a break out because already tested many time times
neeraj_2_sharma
@manishsharmadw, got it. Should have looked at better cement names like ultra cem or grasim i guess..anyway no damage done so all fine
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