Go long if open flat or almost flat and cross level
A Profit & Solutions Strategy
LOOKS GOOD TO ENTER 5100 FOR 5200/5300/5400+ WITH SL 4999
Long if break , Hammer formed . Rest as per charts
Ultracemco gave pennant breakout on 4hr TF with considerable volume. Its on all time high so supply can be seen at top. Lets see how it react on top, Targets on chart...
BEARISH GARTLEY Earlier this same Pattern given good reaction on Type1 entry & Hit TARGETS now price again came into PRZ Zone of Pattern it becomes a TYPE2 Entry which is REVERSAL price need to follow Green Trend line & hit target If price Breaks Red Trend line is where EXIT before SL hits POTENTIAL SELL
ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE. 4855-4870 CAN ACT AS GOOD RESISTANCE BUY ABOVE 4855-4870 IF THE LEVEL IS BROKEN WITH VOLUME AND CONVICTION. The indicator used: 1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts 2) TE-REKAB - PB : PULLBACK If you like the...
Support+stochostic signal+volume+100Ema support
ultracemco upcoming move upside till 5100 level
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.
short term buy --long term sell
It seems one cycle is complete and we are now in Second bull cycle. Alternatively we may be in Wave 5 and now we are entering into sub-wave 3 of Wave 5