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SHREE CEMENT LTD
Long
Updated

Shree cement-Inside bar-Swing Trade-W Pattern successful break?

498


09.07.2024
Buy- 27790
Target- 29897
Stop Loss- 26752

Risk Reward- 1:2

1. Inside bar about to Break in Day TF.
2. Perfect W Pattern with Retracement
3. Multiple Rejections of FVG in Day & Week TF
4. Previous Resistance converted to Support
and created double bottom at same level.
5. Price rejected at 0.382 Fibonacci
6. Rejection at 21 EMA & price above 50 EMA
SHREECEM snapshot
Trade active
Good comeback after a fall. This indicates stock is potential towards bullish.
Trade active
Trade closed: stop reached
Couldn't break the previous resistance and then due to breakdown, stoploss reached
Swinging_Inside_the_BAR
FibonacciInside BarPivot PointsshreecementSupport and Resistanceswingtrading

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
FibonacciInside BarPivot PointsshreecementSupport and Resistanceswingtrading
Swinging_Inside_the_BAR

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.