Ravik_1990

ULTRATECHCEMCO in consolidation

Long
NSE:ULTRACEMCO   ULTRATECH CEMENT
Stock has been in short range consolidation since 2 days and formed a ascending triangle. It could break either side but as the long term trend is bullish and heavy volumes are seen today during end 15 mins of session today, probability is higher to be broken upside.

6485 i.e. the ATH will be crucial to be breached and sustained to see a upmove.

6400 i.e. low of the short range can act as good support.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.