ULTRACEMENT BREAKING OUT OF ASCENDING TRIANGLE PATTERN
-wait for a close above 7070-7090 on daily chart -trade in futures or option of aug/jul contract -once pattern is complete then look to add long position -oi data is suggesting built-up
FUTURES TRADE ULTRACEMCO FUT BUY@7100(need to close above) STOP@6980 TARGET-1@7340 TARGET-2@7490 TARGET-3@7630
-i expect even higher levels -but before that will it test the breakout levels -then start a fresh rally remains to be seen -upside target is max capped at 7850-7970
-trade with limited risk -trade according to risk appetite -wait for the condition to fullfll
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