Ultratech Cement is in The strong momentum on Daily Chart as RSI indicates > 70 levels.
A HANGING MAN candle formed during the momentum in Red colour.
As stock opens today with 100+ points GAP UP it was just a Retesting the Gap & creating a Support zone.
Overall stock closes in Positive note.
Probabilty indicates the Momentum could pause for some day & Trade into the box.
Once the stock is out of the box. The Positions to build up.
HAPPY TRADING
A HANGING MAN candle formed during the momentum in Red colour.
As stock opens today with 100+ points GAP UP it was just a Retesting the Gap & creating a Support zone.
Overall stock closes in Positive note.
Probabilty indicates the Momentum could pause for some day & Trade into the box.
Once the stock is out of the box. The Positions to build up.
HAPPY TRADING
