REASONS -
1) TRADING NEAR THE ALL-TIME HIGH.
2) HIGHER TIMEFRAME TREND IS UP.
3) WE FOLLOW THE TREND.
4) PULLBACK/DIP TO REJECTION HAPPENED RECENTLY ON A STRONG KEY LEVEL.
5) ALSO TOOK SUPPORT FROM ICHIMOKU CLOUD ON H4 TIMEFRAME.
TRAIL TO COST WHEN R:R - 1:1
KINDLY TRADE AT YOUR OWN RISK.
GOOD LUCK ^^
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
price can touch the lower support if this support hold and sustain than we can see a good uptrend in this stock
if support not hold than we can go down from here
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.
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
