Breakout of triangle
Updated
Ultratech has just BO'd from the chart pattern ( you don't want to jump into the trade right away, but watch for little while), and before that it tested the S&R at a zone ( marked by rectangular zone) and started moving up..good for 10-15% move..This is an idea, not a recommendation.
Note
It has BO'd decisively...from 7475 to 7629 as of now...moved up 2% today.Note
7911 and 8066 are the targets...markets have been sliding for past 6 days...from the highs of 18600 to 17800 as of now...so be careful and take small positions.Note
All targets achieved...CMP 8150, it is up 3.6% today..from 7485 to 8150...nice move..cement sector has been in momentum since last week
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