ULTERCEMCO - Swing Trade || 22nd May, 2023 #stocks

Analysis Criteria Used:
1. Please find the Chart Analysis done for the Swing Trade Idea levels for 22nd May, 2023 and its upcoming week
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups

Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it

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DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED

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Trade active:

Traded for Intraday Today (29th May, 2023)

ULTRACEMCO (5min TF)

Entered LONG at 10:10am
✓ Achieved 0.72%
✓ R:R = 1 : 4
Exited LONG at 1:45pm

✓ The stock opened with a large green candle and above yesterday's close
✓ Waited for the market to settle because it was not breaking the day's high or day's low and was ensuring a retracement to the support/demand zone
✓ It started to make a Falling Wedge and so we waited for a breakout
✓ On the breakout of the trendline on the topside we entered with a small SL above the breakout candle
✓ Target was 1:4

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