May 4, 2010

ULTRATECH CEMENT head and shoulders at the top

ULTRATECH CEMENT DAILY CHART - 1
ULTRATECH CEMENT DAILY CHART - 2
  • ULTRATECH CEMNT shows the effect of head and shoulders at the market top.
  • for traders it might give a good short term trading opportunity. 
  • The stock might get support around 920 rupees 
  • the support also coincides with an important trend line.
  • One can buy the trend line as stop loss.
  • when buying one should be very careful as the stock is in free fall for the las 4 days.
take care
thank you


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