ULTRAMAR has given pole flag breakout on weekly chart and retested it then two continuous bullish candles on weekly basis.
on Daily scale it is forming rounding bottom with a high around 290 levels.
280 levels look like resistance on weekly scale of closing basis.
if it sustains above 280-300 level it can go upto 380 followed by 430 levels.
on Daily scale it is forming rounding bottom with a high around 290 levels.
280 levels look like resistance on weekly scale of closing basis.
if it sustains above 280-300 level it can go upto 380 followed by 430 levels.