ULTRACEMCO, 180POINTS IN 1.5HOURS (TRADE ANALYSIS)

Dec 30, 2020

ULTRACEMCO was notified at 11:45AM today that it had strong resistance around 5210-5220 area and post this it can give good move. It has trading at 5202 that time.
Soon enough it crossed resistance zone and gave us very good rally of 180 points to 5400.
This was complimented by the fact that all the cements stocks were running today.

On other trades we had SL in SRF & profits in BALKRISIND, IRCTC (both late bloomer).

Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. If you check all previous charts, you will understand how beautiful price action trading is and how one can become independent trader by following some simple rules.
Reach out if you wish to learn powerful technical analysis based on simple price action.

Thanks
Piyush Gupta
Learn & Earn