Naresh_NM

Testing the treandline/neckline with Inverse head and shoulders

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.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.