Get started
k314

ULTRACEMCO short setup - Hunt with tRex

Short
ULTRATECH CEMENT (NSE:ULTRACEMCO)  
k314 Updated   
NSE:ULTRACEMCO   ULTRATECH CEMENT
Chart Patterns Trend Analysis ULTRACEMCO ultratech cement
12
5
chartpattern trendanalysis ultracemco ultratech cement
Short at 4400

Low risk high reward setup

T1: 4320
T2: 4250
T3: 4150

SL: 4455
Trade closed: stop reached:
HIT WICKET!
Comment:
We will look for shorting opportunity in Ultratech Cement. The trend line could act as a resistance.

snapshot
Comment:
Ultratech Cement currently facing resistance

snapshot
Comment:
Our entry was wrong in this trade but the setup worked (its like a surgeon saying saying operation successful but patient died :P :D )
After triggering our SL: 4455 it made a high of 4510 and from there on it could not sustain and moved towards our final target T3: 4150
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.