UltraTech Cement Limited
Long

Pole and Flag in ULTRACEMCO

208
ULTRACEMCO has made a beautiful Pole and Flag Pattern on a Daily chart. In addition, it has bounced off perfectly from Fib. 50% levels with good volumes.
Good swing candidate for a target of above 8000 with a nice risk to reward ratio. May enter after the break of Flag

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.