Source of the Downtrend is the Monthly Supply Destination is a Fresh Demand that has formed in multiple timeframes. Also we see that the candles in the chart have gone away from the Moving Average and whenever Price goes away and reacts to a Supply it then retraces till the latest Demand. Here we have separated the Demand and Supply Equilibrium into 5...
Technical Analysis on Exampled chart of Ultracemco Using Elliott Wave Theory As always, this analysis is provided for educational purposes only and should not be taken as financial advice. Proper risk management and consultation with a financial advisor are recommended before making any trading decisions. Understanding Elliott Wave Principles Elliott Wave...
NSE:ULTRACEMCO ultratech cement gives brake out on daily chart Buy 10330 Sl 9970 Target 11150+ time Duration 1 month
The Scrip is breaking out from a Cup & Hadle pattern and weekly chart the stock is breaking out from a Inverted HnS pattern. keep this in radar.
The scrip is in inverted HnS and Left Shoulder and head is formed, Now the scrip is bouncing back with double bottom and breakout. in daily chart and hourly chart its trading above resistance of double bottom breakout. keep the stock in radar.
ULTRACEMCO Long 4.97% Gain (September 2020)