EXPLANATION : This is a Daily time frame chart of ULTRACEMCO . The stock has been in a downtrend for days and has formed kind of a head and shoulder pattern . If give a strong breakdown and broke its demand zone with volumes and has retested the same. I am bearish on this stock for the coming days . If taken support from demand zone we buy at the bottom and sell at the top , I am bullish on this stock for the coming days . Enter as per your setup and sit tight to achieve the maximum target.
If you like the analysis give a Like // Follow for more updates , let me know in comments below :)
Totally agree with you I have brought ultratech at 7369 but failed to sell this at 7625 so currently, I'm in negative but let's see how it's gonna perform and I have a suggestion for you include stop-loss also I know it depends on the person to person but it will be great if you add that it helps newbies