ultratech cement waiting for breakout

buy ultratech
1.as not much move in 3 months and consolidating in range
2. last 2 week formed doji
3.taking support on 62% level 6523
4. in uptrend therfore expecting breakout on upside
5. box pattern and also inside it small box pattern

big sl 5940 weekly close below it
small sl below 6525 weekly close
small tgt 6958
above 6958 then 8000
as weekly we are considering therefore be patient and follow price action only
invest only emotion free money
https://tradingview.sweetlogin.com/x/rs1qrreL/https://tradingview.sweetlogin.com/x/6jn438QE/

Note

today again it touched lower end of range and given breakout above 6755 now can move foe target 6958

Note

chart pattern intact structure not damaged remain in trade with sl
retest of level after breakout

Note

ultratech cement breakout as the consolidaton was long the break out will be big ride with trend

Note

stock result is near and the run has been good
can come down after result therefore book some profit near 7450
and dont convert winning trade to loosing trade
stay invested afterwards with 20% quantity
sl small 7150
sl big 7020
smal tgt 7450 big tgt 8000

Note

sl 7091 on daily closing basis

Trade closed: target reached

sl 7800 on weekly closing basis tgt almost reached i.e.7911 if want to stay invested please keep sl

satyam15

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satyam15