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Scrip : ULTRATECH

Trend:BULLISH

Cmp :3465           

Buy ultratech at 3465

Target :3800

Hedging option : SELL ultratech 3500 call at  94

SL: 3380

MAX  PROFIT: 25800

MAX LOSS: Depends on theta value. Approx (17000)

 

  • Hammer on weekly chart
  • RSI Forming bullish  divergence
  • MACD histogram strong bullish  divergence with confirming uptrend.
  • Highest volume on support indicates an accumulation stage for the stock .