Lucky Cement on Daily TF, has retraced to Fib38% twice. If it again retests same level and bounce back then Buy-1 should be initiated. If it drop to Buy-2 level then even better to buy again. SL is below 60% Fib retracement.
TP-1 is just below previous ATH where profit booking is expected. TP-2 is at Fib 23% extension. AB=CD pattern has been drawn for arriving to the TP-3.
Trade values are marked on the chart.
It is observed that prices are going down but Volumes have also gone down which indicates that Seller are not interested in selling at such low prices and hence prices are likely to go up as Buyers will raise the offer. Therefore, in a week's time prices should be moving up.
TP-1 is just below previous ATH where profit booking is expected. TP-2 is at Fib 23% extension. AB=CD pattern has been drawn for arriving to the TP-3.
Trade values are marked on the chart.
It is observed that prices are going down but Volumes have also gone down which indicates that Seller are not interested in selling at such low prices and hence prices are likely to go up as Buyers will raise the offer. Therefore, in a week's time prices should be moving up.
Trade ativo
As analysed price bounced back from Buy-1. Seems like it is gearing up for TP-1. 
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.