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ChrisBhansali

ULTRATECH CEMENT - SELL _ TARGET - 7300

Short
ULTRATECH CEMENT (NSE:ULTRACEMCO)  
ChrisBhansali Updated   
NSE:ULTRACEMCO   ULTRATECH CEMENT
Trend Analysis Chart Patterns Technical Indicators swingtrading positional priceaction shortsell shortsetup shortposition
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trendanalysis chartpattern indicator swingtrading positional priceaction shortsell shortsetup shortposition
This is a perfect sell, considering how the overall market is. There is a bearish engulfing candle on the daily chart, signalling bearish reversal. Also a fake breakout and is back in the channel. RSI and MACD is also signalling weakness.

Risk to Reward is also favourable.


Best of luck :)
Trade closed: target reached
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