Gann-Elliott-Trader

ShortTerm CounterTrend Short Sell Setup

Short
NSE:ULTRACEMCO1!   ULTRATECH CEMENT FUTURES
In Short term Ultracemco has been falling on profit booking and got support around 7390-7430 and resumed its Long term uptrend but somehow its failed to cross its previous high and met with heavy selling pressure Today at higher levels. On Monday, 16th Aug, if it fails to resume its long term uptrend, and if again start falling, then Short sell Ultracemco below Today's Low i.e., 7445 with SL 7550. If it resumes its uptrend and crosses 7550, then buy strictly above 7600.

3-Digit Gann roadmap for Ultracemco is:
677 690 703 716 729 743 757
4-Digit Gann roadmap is:
7225 7268 7311 7354 7397 7440 7483 7526 7569

Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.




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