ULTRACEMCO : A opportunity to get 1: 4.5 RR in channel BO

• Ultra tech was moving in parallel channel from Q3-2024.
• A perfect channel could be fitted on the stock.
• Last 1 weeks there is a significant volumn spike in the stock.
• Last week closing was above the channel
• If this week closing is above previous week closing then bullish move confirmed
• Swing stop loss is 1214
• Target are channel length + 12500 that is 12500 + 2000=14500 in the chart.
• An opportunity of 1: 4.5 RR in swing trending.
• Already retested the support
• Go long only when todays daily close is above yesterdays close. As index looking week tread with caution and sl.
• Idea is for educational purpose and explore the price action learning with trading psychology.
• Have fun traders!!! 😊