22.09.2020 SHREECEM SHORT SHREECEM BETWEEN 19200-19255 CMP : INTRADAY TARGETS T1 : 19028 T2 : 18835 SL : 19326
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...
SHREECEM : 22 AUG 20 : HOW BEAUTIFULLY THIS SUPPORT AND RESISTANCE WORK HERE!
long level Marked.... first see price near that zone ...how it reacts
There are divergences evident on RSI,MFI Bolinger band, wait for MACD to turn negative but wait for the bounce in price for risk reward to be more favorable
Just broke out of long consolidation and successfully done retest of support. Now perfect time to buy and hold for 10-20% return. Target - 27900