UCLQF trade ideas
Ultratech for 6-7 % returnNSE:ULTRACEMCO
Ultratech has taken support multiple times , and I think it will be very good buy on 4015 level for another 240 INR profit around 6-7 % in next few days .
Analysis - Stock is in uptrend , took support multiple times on trendline and reversed from the support zone .
stock has good pullback .
Horizontal support and trendline created buy signal .
I will look for the buy opportunity if stock breaches 12 August high 4015
Whenever Mutilple demand zone meets and stock price take support from there I look for buying opportunity and it generates
buy signal for me - please have a look in chart
Its my first stock analysis please share your thoughts .
Thanks
Shan Mehndi
Waiting for Breakout in Ultratech Cement at crucial level 3850If we observe that from last one month stock was in the consolidated zone between the price range 3950 to3730, But here made Broadening Wedge Desecding pattern after a peak price in consolidation and if breakout happen nearby price above 3850 It will touch target of 4000 nearby 2-3 days