Buy at 3350 - 3400. It has been in range for 2 years now.
And as it is approaching support, all the oscillators are at Oversold zone, good confirmations to go long.
This chart was used in writing my blog on the topic double tops pattern. The blog is available on the web page mentioned in the chart.
This post is intended to be used for educational purpose only.
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The stock has broken a pattern range and is supposed to rise until 4411 target. The 4411 is the monthly previous high mark, which the stock is supposed to touch.
The stock seems bullish.
ULTRACEMCO (UltraTech Cement Ltd) BUY ABOVE 4665
ULTRACEMCO has shown a good accumulation at 4500 to 4600 levels, if it breaks 4665, then stocks will touch 4750-4800-4850 in a few days.
Lets have a look at the analysis :-
1> EW Analysis -->
Considering the completion of 5 wave impulse move from low 3332.45 on 28th Jan 2019 till top at 4904.95 on 27th May 2019, we are most probably in zigzag correction. Now, currently we might me in 'y' of 'B'.
2> Classical TA -->
a. formed bullish harami candlestick on daily tf.
b. made 'weak' bullish...
