EXPLANATION : This is a Daily time frame chart of ULTRACEMCO . The stock has been in a downtrend for days and has formed kind of a head and shoulder pattern . If give a strong breakdown and broke its demand zone with volumes and has retested the same. I am bearish on this stock for the coming days . If taken support from demand zone we buy at the bottom and sell at the top , I am bullish on this stock for the coming days . Enter as per your setup and sit tight to achieve the maximum target.
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