P&F charts - Ultracem & Century text

Date: 17th July 2015

Tata chem went till 495 and Castrol India till 490 yesterday itself.

 

Figure 1: Ultracemco (3175.05)

Series of double tops. Buy with stop loss placed below 3140.  Counts of 3300+ are active.

Figure 2: Century textile (725.15)

Double top buy followed buy Low Pole. Buy with stop placed below 714. Upper counts of 775+ are active.

Fig 1: Ultracemco 0.25% x 3 cl Point & Figure chart

 

Fig 2: Cent textile 0.25% x 3 cl Point & Figure chart

 

- Prashant Shah, CMT, CFTe

 

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.