TradingView
s.arun.natesh
Sep 11, 2019 4:57 PM

Ultratech - Cementing a launch pad Long

ULTRATECH CEMENTNSE

Description

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
More