vikasnitt

Bearish breakout in UltraTech Cements

Short
NSE:ULTRACEMCO   ULTRATECH CEMENT
Ultratech cement breaks below a consolidation pattern with a widespread price bar closing near the low price. Notice the break in the rising trend line which also adds to the bearish scenario.

Short at CMP : 4502
Target : 4350
StopLoss : 4574

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