ULTRACEMCO buy setup

Dec 5, 2018

Buy ULTRACEMCO above 3996

T1: 4070
T2: 4140

SL: 3934

Dec 6, 2018

Order cancelled

Long trade NOT triggered. Channel bottom broken hence CANCELLING the long trade order.

Dec 6, 2018

Note

One can short Ultratech Cement between 3930-3940

T1: 3850

SL: 3996

Dec 6, 2018

Trade active

Short trade active

Dec 7, 2018

Trade closed: target reached

Short trade T1: 3850 achieved
Booked 85 pts profit risking 62 pts. Bad risk reward however.