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Piyush-Gupta
May 1, 2020 4:54 PM

ULTRACEMCO, Learn & Earn (Cup with Handle) Long

ULTRATECH CEMENTNSE

Description

ULTRACEMCO has formed Cup with handle pattern has given closing around neck line. If trades above 3573, can be good for long.
I am sharing these charts to explain price action concepts as well as possible trade opportunities on Monday and I am fully aware about Global sentiments being highly negative today (i.e. Friday 1-Mat 2020).
If things change by Friday and market is supporting stock trend, then good move is possible. Either ways, keep on watch and wait for level.

Reach out for more details.

Trade closed manually

Didn't trigger
Comments
kellygeorge025
looks this cup formation clearly mention in encyclopedia of chart patterns right
Piyush-Gupta
@kellygeorge025, exactly sir. This is perfect example of text box cup with handle pattern.
badboyzbestboyz
@Piyush-Gupta any reason to buy this stock for a short period?
iincognitioo
Another trendline ?
Piyush-Gupta
@iincognitioo, which one sir?
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