shanmehndi

Ultratech for 6-7 % return

Long
NSE:ULTRACEMCO   ULTRATECH CEMENT
NSE:ULTRACEMCO

Ultratech has taken support multiple times , and I think it will be very good buy on 4015 level for another 240 INR profit around 6-7 % in next few days .

Analysis - Stock is in uptrend , took support multiple times on trendline and reversed from the support zone .
stock has good pullback .
Horizontal support and trendline created buy signal .
I will look for the buy opportunity if stock breaches 12 August high 4015

Whenever Mutilple demand zone meets and stock price take support from there I look for buying opportunity and it generates
buy signal for me - please have a look in chart

Its my first stock analysis please share your thoughts .

Thanks
Shan Mehndi
Trade closed: target reached

Comments

Agreed!
Reply
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