Get started
anandlive

Ultratech - Towards 9000 ?

Long
ULTRATECH CEMENT (NSE:ULTRACEMCO)  
anandlive  
NSE:ULTRACEMCO   ULTRATECH CEMENT
Trend Analysis Chart Patterns ULTRACEMCO longsetup positional futures intraday
2
2
trendanalysis chartpattern ultracemco longsetup positional futures intraday
As you can see the stock is traveling in a range that is forming a rising parallel channel. If does not breach the lower side of the channel, we can anticipate the price to move up to 9000.
This setup fails for the time if the price breaks down of the lower channel support.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.