TRIANGLE PATTERN ON ULTRACEMC. WATCH FOR BO Long

NSE:ULTRACEMCO120

ULTRATECH CEMENTNSE

Description

⋅ Dec 30, 2020 3:45 AM

The stock has been consolidating in a triangle pattern. Breaking out above 5180 will fuel more bullish buying.

Trade closed: target reached

⋅ Dec 30, 2020 10:25 AM

Triangle

Comments

sagar11662

⋅ Dec 30, 2020 7:38 AM

This trade is active now.what would be the target?

dharmesh79576

⋅ Dec 30, 2020 7:41 AM

@sagar11662, initially look for 5260 i.e. the previous high. If you are a swing trader the target could be 5395 as mentioned in the chart. Revise your SL once the first target is reached.

sagar11662

⋅ Dec 30, 2020 7:43 AM

@dharmesh79576, ok.thank you

dharmesh79576

⋅ Dec 30, 2020 9:52 AM

@sagar11662, Target reached. Hope you had a good trade.

sagar11662

⋅ Dec 30, 2020 10:27 AM

@dharmesh79576, Thank you friend.had a wonderful trade