SELL ULTRACEMCO BTWN 4600-4700 STOPLOSS 5300 TARGET 4300-3500#ULTRACEMCO TRADING IN CHANNLE RANGE RSI LOOKING OVERBOUGHT BEARISH DIVERGANCE.
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ULTRACEMCO
ULTRATECH CEMENT - short below 3890Everthing mentioned on chart
"Idea by Malkiat Singh"
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ULTRACEMCO weekly chart studyULTRACEMCO is now at an interesting phase. Currently week candle is below 200 Week SMA. We are seeing this after almost 9 years
We need to see if ULTRACEMCO is going to bounce back above its 200 Wk SMA or fall towards 2450-1900 levels.
ULTRACEMCO bulls might get some relief if it closes at least above 3430 (if not above 200 Wk SMA at 3560) by Friday market close.
ULTRATECH Short...ULTRACEMCO make trend continuation short pullback here keep watch trade safely
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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Big W Reversal with Bullish Divergence !Stock has formed big W reversal pattern and showing bullish divergence therefore it looks good for buying at this level. It has broken the short term trend line and RSI (14) is also healthy above 50. One can buy the stock now for a target of 4000 in due course by providing suitable SL.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.