Ultracement - Triangle Breakout - Long

٢٥ يونيو ٢٠٢١

Hi Guys,

Welcome to Thenali Views, Technical Analysis of Ultratech Cements

Trading Checklist:

Script Name: ULTRACEMENT
Trend : Uptrend
EMA: Bullish
ATR Volatility: Down
Time Frame Analysis: Daily
Candlestick Pattern:
Whether any Trend Reversal Pattern? NO
Candlestick Pattern was support with good volume? Not Applicable
Chart Pattern: Triangle
Breakout Happened with good volume? – Yes
Before Breakout Buildup (Consolidation) was happened? Resistance
Retest Happened? No
Support: 6703
Resistance: 6969
Buy Price: 6840
SL: 6506.40 (Daily Closing Basis)
Target: 7507.20
Risk: 333.60
Reward: 667.20
Ratio: 1:2
Whether Trade is Favorable or Not? Favorable

Regards
Thenali Views
Disclaimer: Kindly do your own analysis before executing the trade.

٣٠ يونيو ٢٠٢١

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٢٠ يوليو ٢٠٢١

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Target Achieved