INDIACEM - Weekly falling wedge
מעודכן
India cement is trading at Supply demand confluence zone.
It is currently making a falling wedge pattern on weekly charts which is at 50 % retracement levels from all time low to all time high.
RSI is also showing positive divergence.
Possibility of making a weekly double bottom with neckline breakout placed above 195.
Already made higher bottom on last weekly candle with respect to 27th March weekly candle
Risk to reward looks in favour of longs here with small downside risk
It is currently making a falling wedge pattern on weekly charts which is at 50 % retracement levels from all time low to all time high.
RSI is also showing positive divergence.
Possibility of making a weekly double bottom with neckline breakout placed above 195.
Already made higher bottom on last weekly candle with respect to 27th March weekly candle
Risk to reward looks in favour of longs here with small downside risk
הערה
Indiacem 250+הערה
Indiacem 270++הערה
target done and dusted #indiacem. Now up for potential multi bagger ride
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.