Inverted H&S formation neckline breakout and sustaining at higher levels ready to make new highs keep Stoploss below right shoulder support and wait for new highs in upcoming days.
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ULTRACEMCO GAVE A FRESH BREAKOUT , BULL FNP ALREADY BROKEOUT .. ANY DIP TOWARDS 4150 LEVELS COULD B BOUGHT INTO WITH SL BELOW 4070 TARGETING 4500 LEVELS THIS TIME.. VIEW IS NEGATED IF MKT STARTS SYTAYING BELOW 4100..
Double Bottom support. We can start counting the EWaves from this zone. Price has shot up to previous high in Impulsive 3rd wave and then made some correction/ consolidation towards 200 DMA making 4th wave. And now again price is showing signs of next wave of 5th. If top of 3rd wave is surpassed and held, 5th wave will be completed. Target can be 4200+. SL is 200...
Everthing mentioned on chart
"Idea by Malkiat Singh"
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Intraday selling can be seen in ULTRASEMCO below initial support level.
Levels are mentioned on chart.
Open to discuss here.
we believe that discussion will bring more informative information for the same.
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NSE:ULTRACEMCO
