#USHAMART USHAMART #RELIANCE #NIFTY #BANKNIFTY #IT #IOT #STEEL #USHAMART
Usha Martin Ltd.
NSE:USHAMART
NSE:USHAMART
CMP: 97.75
Short term quick target 107+
Long term higher expected.
SL: 89
Duration < 1 month
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
