ULTRACEMCO: ATH Breakout! Flying towards new ATH?!

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Context:
Bullish pinbar closed above 12,173 (25/04/2025) but needs strong follow-through to confirm a breakout above the All-Time High (ATH) at 12,300.

Entry Trigger:
Buy Signal: Close above 12,300 (ATH) with volume surge (≥ 20-day avg) and bullish momentum (closing near day’s high).

Invalidation: Rejection candles (long upper wicks) or consolidation below 12,300.

Risk Management:
Stop Loss: 11,800 (below critical swing low support).

Target: 13,250
Trailing SL: Move SL to 12,300 once price breaches 12,800.

Exit Rules:
Close below 12,300 post-breakout.
Volume fades during the rally.

Key Notes:
ATH break (12,300) could trigger FOMO buying.
Aggressive SL at 11,800 allows room for volatility.

Disclaimer: High-risk trade. Not financial advice. Capital loss possible. Past performance ≠ future results. Consult a financial advisor.

Penafian

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