If you are beginner then this stock have formed a very neat textbook bullish pattern known as Adam and Eve. Google to see the target range for such pattern and if you need any help then feel free to dm me. All the best!
if next candle stick breakout upwards - go for long or if next candle stick breakout downwords - go for short.
Trading Near the Trendline
can be a short candidate as reversed from resistance ,
#ULTRACEMCO CASH 20 SEPT 2018 INTRADAY GOOD ABOVE 4080.10 FOR 4100/4120 SUSTAIN N CLOSE ABOVE 4120 WILL TAKE IT MUCH HIGHER FOR 4180-4200/4280 CMP 4050
In the Daily Time frame There's a bearish cypher formation in ULTRACEMCO So we can enter SHORT like in the RISK REWARD ....
Price testing strong resistance of Moving Average and 38.2 FR. Target 1 - 3850 Target 2 - 3740 Stoploss - 4000
Ultratech long term rising channel break down
UltraTech Cement Ltd Cement & Cement Products Market Cap.: ₹ 1,15,045.43 Cr. Current Price: ₹ 4,189.40 Book Value: ₹ 952.94 Stock P/E: 45.58 Dividend Yield: 0.24% Face Value: ₹ 10.00 Listed on BSE and NSE Company Website 52 Week High/Low: ₹ 4,599.90 / ₹ 3,773.30 Dividend in Rs: 9.50 EPS: ₹ 91.11 Latest Annualized Cost of Equity: 9.86% Latest Annualized Return on...
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