Ultratech - At Crucial Level

Jan 2

The stock price has doubled since June 2022. As per the chart, has been traveling in a rising parallel channel. This time resting at the upper edge. If the price is rejected here, there may be some correction time ahead.
One has to decide the entry and exit levels very wisely.
This illustration is for learning and sharing only. Not a piece of trading advice in any form.
The setup fails if the price breaches the channel above and sustains.
All the best.

Jan 2

Note

Performed very first day. Reached 10110 in intraday. Keep watching.

Jan 5

Note

Reached 10002.

Jan 10

Note

Reached 9770.

Mar 7

Note

Yesterday reached close to the first target of 9500. Reached 9532 in the session.

Mar 14

Note

Reached the target of 9500.