Ultratech chart study
Updated
Ultratech spot at 10500
Weekly time frame
Ascending parallel channel formation
Equivalent harmonic ABCD pattern formation.
counter can face resistance around current levels and going ahead.
if not able to sustain higher counter will give a sharp reversal of 1500-2000-2500 points ,,
keep watch.
This assumption is made as per parallel channel and harmonic pattern, going ahead modification also can be done in study as needed.
Weekly time frame
Ascending parallel channel formation
Equivalent harmonic ABCD pattern formation.
counter can face resistance around current levels and going ahead.
if not able to sustain higher counter will give a sharp reversal of 1500-2000-2500 points ,,
keep watch.
This assumption is made as per parallel channel and harmonic pattern, going ahead modification also can be done in study as needed.
Trade active
from 10500 to 9700800 p[oints down
now below 9700 more selling can be seen
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.