Ultratech cement breakout trade

Hello, guys, this is Shubham Tamrakar and welcome to another blog in this blog I will show you how you can trade when price move to the conditional aspects to unconditional aspects
here I am talking about the ultra tech cement which is overvalued currently and I am looking some breakouts so I want to share with you how you can trade in ultra tech cement to make a lot

this is my forecasted chart in a day time frame and you can see that is moving between an ascending channel from the month ago and because of the market crash there is the high probability that it will break the channel and share price falls

this is the weekly chart of the ultra tech cement and here you can see that it was in a high before the market crash and f you are a trader first you had seen the double top formation which indicates the price will go down and the reality that happing the price of the share is going down
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this is the hourly chart of the ultra tech cement and here to look this chart you can make short position when the channel breaks its continuation pattern and sustain after breaking the ascending channel so make sure go short below the price of 4150 targets 3850 and stop-loss 4300
there is a little disclaimer this is my own study in the ultra tech cement make sure do your study also before taking short position

stay tuned
Happy trading

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