ULRTACEMCO BULLISH - TGT 10500-10730 SL 9780
Updated
Ultratech Cement Ltd. is an interesting chart with following
1. RSI on all time frames DWM above 60
2. Price Crossed above 20 W SMA
3. Narrowing Bollinger Bands on weekly chart
4. ABCD Pattern under formation on weekly chart
5. Both ARS and SRS above zero
Can be a good risk reward with buy on dips and dips only with major support at 9780- 9830 zone and next resistance at 10500 levels
Lets See How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. RSI on all time frames DWM above 60
2. Price Crossed above 20 W SMA
3. Narrowing Bollinger Bands on weekly chart
4. ABCD Pattern under formation on weekly chart
5. Both ARS and SRS above zero
Can be a good risk reward with buy on dips and dips only with major support at 9780- 9830 zone and next resistance at 10500 levels
Lets See How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Trade closed: target reached
STOCK TRADING AT 11764 ALMOST 1000 + POINTS FROM ITS ORIGINAL TARGET
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