Will Shree Cements go up ???
Reasons/Traits :
• Measured Move up pattern formation is seen
• Last 3 days candle sticks pattern shows as 3 black crows
• Todays close is exactly at 0.236 retracement level of last swing high and also taking a support of a trend line break out (4)
• Price took support of 12 EMA with decreasing volume
What can happen next :
Scenario 1 : Stock uptrend to continue and reach 31979 (earlier life time high) /32766
Scenario 2 : Downtrend post break down of 0.236 Fib level to reach 0.382/0.5/0.618 or till 50 EMA support level
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Reasons/Traits :
• Measured Move up pattern formation is seen
• Last 3 days candle sticks pattern shows as 3 black crows
• Todays close is exactly at 0.236 retracement level of last swing high and also taking a support of a trend line break out (4)
• Price took support of 12 EMA with decreasing volume
What can happen next :
Scenario 1 : Stock uptrend to continue and reach 31979 (earlier life time high) /32766
Scenario 2 : Downtrend post break down of 0.236 Fib level to reach 0.382/0.5/0.618 or till 50 EMA support level
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Nota
scenario 2 activated, broke 0.382 levels as of nowNota
touched 0.5 levels and took support, lets see if it sustains..Nota
touched 0.618, all levels completed as per scenario 2Dagangan ditutup: sasaran tercapai
all targets achieved scenario 2
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.