ULTRACEMO - LONG @CMP 7660

Swing Idea:
- LONG CMP 7660

Entry -> 7660
SL -> 7395
TGT 1 - 8000 (R:R = 1.3) - Time frame -> 1 month
TGT2 - 8200 (R:R = 2.05) - Time frame -> 1-2 months
TGT3 - 8800 (R:R = 4+) - Time frame -> 4-6 months

Reasoning:
- Stock moving in a channel since 1+year.
- Stock moving on lower end of channel with good consolidation
- On the verge of breaking triangular pattern

Caveats:.
- Can go below channel on global cues, and pandemic news. Shake-up possible.
- Earnings coming up in 3 days, could be a make or break situation

İşlem aktif

Not

It has recovered from -165 to +130+, signs are good.

Not

All cement stocks in harmony. CMP @ 7885+ ---> More importantly 2.75%, after a recovery.

Not

Close to TGT-1 : 7946 high of the day. It will cool-off now. Confidence is high of this analysis now.

Not

Heavy sell-off, SL intact. However yesterday's gains are wiped off.
Trendline bottom support is holding good. Let's see.

İşlem kapandı: durdurma seviyesi

SL hit.

Learnings:
- TGT-1 should be more logical around 7911.
- SL should be different for different kinds of targets.
-

it_swing_trader

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.

it_swing_trader