ultratech Cement - Swing tradeUltratech cement took good support with Double/Triple bottom pattern in 2 hr TF. Looks good for swing traders. SL below the support area. 4% SL.
Priceactionbreakout
HUL strong BreakoutHindunilvr Breakout from channel pattern in Daily chart with supporting volume. Entry upon a retest of the breakout area would be a good RR setup for swing traders. Plan your risk first.
NCC Trendline break out daily TimeFrameNOTE : This is not a call and Am Not a SEBI registered and not even a financial advisor.. This is pure my trend line price action Analysis towards the NCC stock
Do your own analysis and Then take risk don't go blindly...
As we can see a channel pattern and triangle pattern in daily time frame that which both formed on NCC stock
As it Has given Channel break out and came back for Retest so This is an perfect entry to short the stock
If we go for Entry and Targets and Stop Loss
Entry : 89.35
Stop loss : 92
Target 1 : 82.60
Target 2 : 79.10
Try to book 1:1 ratio only and if you want you can exit 90% of position at 1:1 ratio and then trail the stock
