UltraTech Cement Limited
Long
Aktualisiert

Ultracem - on the way up?

154
Conservative investors could wait for the inside candle to cross 3725. More adventurous investors could straight away go long. I have gone long. The 3 line Break and Renko on the 30 minutes chart are also looking good.

SL below 3630 Immediate Targets around 300+ points from present price to about 40000. Cement is quite volatile so a trailing SL is a sensible plan. Presently the SL below 3630 makes for a pretty good risk/reward ratio.
Apologies for this cluttered chart but I wanted to pack in as much information as possible.
Anmerkung
Breakout from inside candle position
Anmerkung
30+ points per lot up since my long entry... hoping for another 50 points rise...
Anmerkung
Going up beautifully. Its all about candles... the quickest way of seeing where the price may be going. Of course - the interpretation has to be correct.
Trade wurde manuell geschlossen
Closed @3767... shall trade again depending on expiry price action

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