Ultratech Cement - Flag Pattern
Updated
UltraTech Cement is trying to break the flag-pattern. Once done we can expect the price to move to 12500+. Pls see my other charts to see the breakout. Other factors:
1. Volume is steady
2. RSI will move up gradually, and once we see it moving above 60, stock can be super bullish
3. MACD is also becoming positive and as the price breaks out, we can see it becoming positive.
4. Fundamentally stock is doing good, highest TTM sales and profit. Overall as well, we can see cement sector picking up with new infrastructure developments / projects
"Clean Charts, Easy Charts"
Learning & Earning!!
Cheers!!
1. Volume is steady
2. RSI will move up gradually, and once we see it moving above 60, stock can be super bullish
3. MACD is also becoming positive and as the price breaks out, we can see it becoming positive.
4. Fundamentally stock is doing good, highest TTM sales and profit. Overall as well, we can see cement sector picking up with new infrastructure developments / projects
"Clean Charts, Easy Charts"
Learning & Earning!!
Cheers!!
Trade active
3% up today..+304 points..move is on...Cheers!!!!
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