Source of the Downtrend is the Monthly Supply Destination is a Fresh Demand that has formed in multiple timeframes. Also we see that the candles in the chart have gone away from the Moving Average and whenever Price goes away and reacts to a Supply it then retraces till the latest Demand. Here we have separated the Demand and Supply Equilibrium into 5...
NSE:ULTRACEMCO ultratech cement gives brake out on daily chart Buy 10330 Sl 9970 Target 11150+ time Duration 1 month
The scrip is in inverted HnS and Left Shoulder and head is formed, Now the scrip is bouncing back with double bottom and breakout. in daily chart and hourly chart its trading above resistance of double bottom breakout. keep the stock in radar.
ULTRACEMCO Long 4.97% Gain (September 2020)
ULTRATECH CEMENT currently holding the fort near the highs made on 15th april but will it sustain this as this resistance was too much for the stock last time.I will be initiating a buy only if we get a closing above 3725 as that is the level that will give me 100% confidence on this trade but if it fails to sustain and closes below 3500 its a clear sell for a...