ultracemco - Short idea

The stock is facing resistance at 4600 level after a breakout at 4500 level.

One can go short at or below 4540 with SL at 4600 for T1 - 4500 T2- 4450

alternatively one can go short on 4600CE at 62 and 4400 PE at 30 for 18400 in 8 days.

Keep strict stop loss for the following reasons.

1. Cement stocks are surging with some expectations from budget
2. It is consolidating after a breakout
3. It is against trend.

Please keep options for hedging
Trade active: T1 - Reached T2-on the way .... keep an eye as results will have dance on both sides... update TSL
Comment: made low of 4470.... update TSL
Comment: T2- Reached
Trade closed: target reached
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out