The stock has witnessed a
high-volume breakout on posting Q4 earnings and tested a new all-time high on
25th April.
The stock has sketched a
flag pattern near all-time high of 4600 level on 2nd May 2019.
The major support for the
stock is placed at 4100 level.
The recent developments in the stock suggest strong
positive momentum in coming weeks once with the conformation of high-volume flag
breakout.
Here is the trade plan.
Bullish in ULTRACEMCO. Entry Level 4690 Target 4830 Stoploss 4550
View Posted on 2019-05-03
Today I saw the chart It looks like rectangular sideways movement now. Consolidation is taking place.
lets wait with fingers crossed.