UCLQF trade ideas
UltraTechCementDouble 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 DMA. So the risk-reward ratio comes at 1:2.
ULTRATECH CEMENT - short below 3890Everthing mentioned on chart
"Idea by Malkiat Singh"
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ULTRASEMCO 15 MIN- SEEMS TO BE BEARISH!!!Intraday selling can be seen in ULTRASEMCO below initial support level.
Levels are mentioned on chart.
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