ReeAishw

ULTRATECH CEM - FIbo & Multi time frame analysis

NSE:ULTRACEMCO   ULTRATECH CEMENT
All The Levels And Patterns Are Marked On Charts, Red Zone Denotes Supply Zone And Green Is For Demand Zone.
Buy near 5615, if 50% of Fibonacci level acts as support. Parallel Channel is marked in 15 mins time frame.

The Indicator Used:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts. - Not Used Here.
2) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence

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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)

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