In my earlier analysis I did not take time factor into account. Decline is inevitable however it may take 3 to 5 months. Not a good stock for investment purpose. All the best Happy trading.
Major ABC corrections are going on. We are in wave B which is coming to an end and AN ENDING DIAGONAL PATTERN is on the charts which appear at the time of sharp reversal.
If you see the daily chart of ULTRATECH CEMENT , then it looks exactly similar to a mountain .
It was just a scenario where you are on the top of the mountain and heavy rain starts flowing down .
What will happen in that condition , you are surely going to come down along with the pressure of the water.
