ULTRATECH CEMENT, Daily Chart.
Buy on Dips only...
Buy Zone @ 5050 to 5200 levels
Stoploss 4870
Positional Target: 6000, 6300
Disclaimer
Education purpose only
Consult with your Financial advisor before trading or investing
Intraday Cash Sell ULTRACEMCO @3783.3-3789.30 SL 3854 TGT 3672
MACD cross over + cloud break down + break crucial support 3783 next support 3660 GO SHORT
price flipped the resistance and now trading above .
we need good bounce from this zone when market open , if we bounce from here ready to buy below 4050
will enter at retest only
It seems to be forming a bearish bat now that the resistance at 3666 has been broken.
- I'm long from here until the red box. Where i will go short till 38.2% retrace.
ULTRATECH CEMENT currently holding the fort near the highs made on 15th april but will it sustain this as this resistance was too much for the stock last time.I will be initiating a buy only if we get a closing above 3725 as that is the level that will give me 100% confidence on this trade but if it fails to sustain and closes below 3500 its a clear sell for a...
Chart explains it all.
-Ascending triangle with a desceding channel within, pointing to a short term target of 3650 before a retrace.
- Will Update when required.
-Kautilya.K
