HANGING MAN THE BEAST ULTRATECH

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
Chart PatternsTechnical IndicatorsTrend Analysisultratechanalysisultratechcement

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