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Is It Right Time To Buy/Sell Ultratech Cement Share…. ? for NSE:ULTRACEMCO by shivams2493

Is It Right Time To Buy/Sell …. ?

Welcome To This Analysis About Ultratech Cement, We Are Looking At The Daily Time Frame Perspective. As I Discovered Recently In My Analysis Is Ultratech Cement Reached/Trading Nearest There Diagonal Support, And Price Finding Support At Its 50-day Exponential Moving Average And As Looking At My Chart We Can Watch There Ultratech Cement Is Within This Main Ascending Triangle Formation When Ultratech Cement Stock Has Reverse From This
Support level Then It Has To Continue Bullishly..

But Another Side On Ultratech Cement, Head And Shoulder Pattern Are Looking At The 4 Hrs Time Frame , So There Will Be Chances To Break Down Its Support Level And It Has To Continue Bearishly..

So At This Movement There Will Be More Chances To Ultratech Cement Continue Its Bullish Trend But We Can’t Deny To Price Follow Its Bearish Swing So At This Movement My Prediction Is :-

Ultratech Cement Buy :- If Share Price Pushies Up To & Sustain Above Upper Horizontal Line Level 6736, Then It’s Most Probably Go for – 6954 ( Resistance Level ) Our Profit Booking Zone is Between 6925-55 Price Level. And Stop Loss For This Trade Are 6600.

Ultratech Cement Sell :- If Share Price Pushies Down To & Sustain Below Lower Horizontal Line ( Fig-2) Level 6671, Then It’s Most Probably Go for – 6544 ( Support Level ) Our Profit Booking Zone is Between 6599-6544 Price Level. And Stop Loss For This Trade Are 6764.

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