thechama3

SHORT TERM SELL || ULTRATECH CEMENT

Short
NSE:ULTRACEMCO   ULTRATECH CEMENT
Sell ULTRATECH CEMENT on rise with SL of 4190 and targets of 3819. A confirmation obtained on RSI and a convergence on MACD on the cards that will eventually lead to a downward move. One can book profits on their longs.
Comment: Makes a low of 3932.
Comment: Makes a low of 3902.
Comment: Bearish price action in today's trade. Should breach 3900 in a couple of trading days.
Comment: As expected breached 3900. It would be a prudent idea to book some profits.