ULTRATECH CEMENT is moving in a downward channel in a month and today it broke out of this channel and shown interest to continue its move in another upward moving channel in which it is for almost 4 months. Stock also took reversal from down trend by closing above PSAR.Volumes are not supported today in initial hours.But compared to other days, todays volume is less. If tomorrow stock see some volumes added while price moving up. Buy the stock for targets of 1994/2025/2066.
If everything moves smooth, stock also may visit upper end of upward channel shows in blue lines with RED arrow mark pointing down.