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Naresh_NM

Testing the treandline/neckline with Inverse head and shoulders

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ULTRATECH CEMENT (NSE:ULTRACEMCO)  
Naresh_NM  
NSE:ULTRACEMCO   ULTRATECH CEMENT
Trend Analysis Chart Patterns Beyond Technical Analysis ULTRACEMCO head_and_shoulder LONG breakout cementsector NIFTY
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trendanalysis chartpattern beyondta ultracemco head_and_shoulder long breakout cementsector nifty
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.

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