KSR010

ULTRATECH CEMENT "Channel Pattern"

Long
NSE:ULTRACEMCO   ULTRATECH CEMENT
Bullish view
Reasons:-
1.Dynamic support
2.Price support
3.Channel Pattern
4.Volumes indication of weak down trend
5.Fibo levels @ 0.5%
If not an direct upmove we might see some consolidation and then the stock may shoot in upwards direction.
The EMA and the support are very crucial levels lets see if they could sustain.
Comment: Waiting for a retrancement
Trade closed: target reached

Comments

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