ULTRATECH CEMENT - BREAKS SUPPORT AGAIN Short

ULTRATECH CEMENT LTD.BSE

Description

⋅ Dec 23, 2016 4:48 AM

It is been observed on Daily chart that the price action breaks below another support levels indicating high pressure of selling and Sellers control over price action. It shall further move down

Target 1: 3040

Target 2: 3000

Stoploss: 3125

Trade active

⋅ Dec 26, 2016 4:40 AM

Trade active

⋅ Dec 27, 2016 5:04 AM

Comments

UmeshMishra

⋅ Dec 27, 2016 6:47 AM

Entered today ..sold Ultratech DEC FUT @ 3075..but from that moment it is going up....finger crossed.

Thanks

sumit_cruiser

⋅ Dec 27, 2016 7:08 AM

@UmeshMishra, you might hit the stop loss

NeeteshJain

⋅ Dec 28, 2016 5:25 AM

@sumit_cruiser, Yes, It did hit stoploss and the trend will not change until it breaks and closes above 3200 levels in order to make Higher High. Regards

scalpwing

⋅ Dec 23, 2016 8:57 PM

What are your views today? Don't you think that now it should go up??