Today looked into the NSE website for Top 5 Gainers & Loosers!
ULTRACEMCO was in Top 5 gainers with No.1
looked into the chart with 5 min time frame...used 20MA & 200MA for trend direction (in 5 min time frame)...
Stock was above MA period and took the trade on the last second of the candle closing above the break high..Volume was supporting! Exited the position at topping tail (Inverted hammer) and squared my position. Went short on the candle close below Topping tail candle with SL on the high of Topping tail candle with a target of price touching 20MA. Exited my position at candle touch 20MA.
2 trades today and ended in Green!
1st Long Trade: 3167 - 3235 (Rs.68)
2nd Short Sell Trade: 3230 - 3221 (Rs.9)