Ultratech for 6-7 % returnNSE:ULTRACEMCO
Ultratech has taken support multiple times , and I think it will be very good buy on 4015 level for another 240 INR profit around 6-7 % in next few days .
Analysis - Stock is in uptrend , took support multiple times on trendline and reversed from the support zone .
stock has good pullback .
Horizontal support and trendline created buy signal .
I will look for the buy opportunity if stock breaches 12 August high 4015
Whenever Mutilple demand zone meets and stock price take support from there I look for buying opportunity and it generates
buy signal for me - please have a look in chart
Its my first stock analysis please share your thoughts .
Thanks
Shan Mehndi
