praveen.bhatiya

Big W Reversal with Bullish Divergence !

Long
praveen.bhatiya Updated   
NSE:ULTRACEMCO   ULTRATECH CEMENT
Stock has formed big W reversal pattern and showing bullish divergence therefore it looks good for buying at this level. It has broken the short term trend line and RSI (14) is also healthy above 50. One can buy the stock now for a target of 4000 in due course by providing suitable SL.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

Trade active
Comment:
Trade is doing well continuing with trailing SL for target of trend line. :)
Trade closed: target reached:
Closed at target price :)

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