Naresh_NM

Testing the treandline/neckline with Inverse head and shoulders

Alış
NSE:ULTRACEMCO   ULTRATECH CEMENT
In weekly timeframe, there is an Inverse H&S pattern formed from Feb'22 till now..

it looks good in consolidation btw 5200-6900 range by taking historical support treandline at head bottom.( EMA 20/50/100 is around shoulder bottom -- ~6400 as immediate support too)

So, this month would be key to get sustain around neckline and breakout towards 8500 range for next 6-9 months.

Note: this is just educational purpose and not for recommendations at all.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.