UCLQF trade ideas
ULTRATECH TARGET 8000SWING TRADE
Stock is respecting its support and resistance level.
Stock can be seen in a bullish move.
We can see that stock gave a retracement till 0.236 fibo level and a good bounce can be seen from there.
We can expect 8000 as a easy target by looking at the stock move.
Do your own analysis before entering and you have any idea please tell me in the comments
ULTRACEMCO : good breakout buy !!!ULTRATECH CEMENT : CMP 6933
Technical buy based on :
1. Multiple time frame resistance breakout .
2. triangle breakout .
3. cup & handle breakout .
4. high volume near breakout price zone .
Trade set up :
1. buy above 6695 .
2. keep stop loss as 6678
on closing basis .
3. targets : 7566/8038+ .
Ultratech Cement - Good breakout🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade