ULTRATECH CEMENT LOOKING BEARISH

Ultratech Cement Has made a Shooting Star Candlestick Pattern at the Top of Weekly charts and RSI (14) also showing negative diversion.

Weekly Chart

On Daily Charts of Ultratech Cement, Rising wedge was broken and there is also an RSI (14) Negative diversion.

Daily Chart

Now, Looking at the patterns made ON Weekly & Daily Chart I’m Expecting a short-term correction to the levels of 4100-3900 range.

 

Disclaimer

I'm not a SEBI Registered Investment Advisor. Above Views are only for Educational Purpose. Equity, Commodity & Currency Trading has large potential rewards, but also Large Potential Risk. You must be aware of the risk and willing to accept them in order to invest in the markets. Don't trade with the money you can't afford to lose. This page is neither a solicitation nor an offer to acquire/sell any script. Please consult your financial advisor to take appropriate investments as per your risk profile. The past performance of any investments is not an indication for future returns.

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