s.arun.natesh
Long

Ultratech - Cementing a launch pad

NSE:ULTRACEMCO   ULTRATECH CEMENT
After a sharp fall, Ultratech has a made a double bottom with higher lows. After a bit of consolidation, over the past 3 days a triangle pattern has formed. This is a bullish signal. A break above the past 2 day's high will propel the stock from 3900 levels to 4100 levels. A good positional bet with a 5 day horizon. MACD Crossover and RSI divergence confirm the chart pattern
Comment: That's the break out that we were looking at.
Comment: 4029 now
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