ULTRATECH CEMENT bullish setup - positional trade

ULTRACEMCO has showed good strength on weekly chart by taking support at the channel median as well as 13 weekly average.

Positional traders can buy at CMP

T1: 4750
T2: 5000

SL: 4150

Trade fechado: stop atingido:

There was a spike yesterday due to election results where we got stopped but market bounced back in no time!

Trade ativo:

Same setup still holds good