Hello Traders. The Beast ULTRATECH comes into the action This week. The Volume as very active & Break the previous few weeks resistance of 10500 & give a Strong Closing. The BEAST is set to Give some serious returns best for swing trading & time is now for option buying. Volatility expansion Confirmed by Bollinger Bands & the Band walk has been Started....
Hello Traders, As i have said earlier after this candle formation a possibly pause of Momentum could happen. Let It accumulate in zone & when its out of the box then go for long. THANK YOU
Ultratech Has just Broked out yesterday resistance of 11100 & You can go long with thr option buying. Because buying needs speeds & currently RSI in super bull zone > 70 levels. SIMPLE TRADING HAPPY TRADING
Ultratech Cement Today just given a Breakout of ATH 1550 levels. Great stock for Momentum option Buy. Wait for the pullback to complete & 10 ema support. Positions to be Created on successfull pullbacks. Pullback could occur near 60 RSI levels. MONTHLY RSI > 60 WEEKLY RSI > 60 DAILY RSI > 60 KEEP this volatile stock in your Watchlist to get the Swing...
Topic - ULTRACEMCO Neutral Levels and Zone Tomorrow's movement Prediction of UltraTech Cement Limited ULTRACEMCO appears to be in uptrend. And this trend seems to be continuing further. Price is above an important level of 10092.29 on charts, and as long as price remains above this level, the uptrend of stock might continue. Tomorrow's movement Prediction of...
ULTRACEMCO | Started with Uptrend after channel breakout Chart Analysis 1) Channel pattern breakout 2) higher high formation started to appear
Just wait at the support level. When it breaks and retests, the lower end of the broken candle becomes the entry point. Place a stop loss and trail it until the next support level.
Cement sector stocks are facing a little resistance at the top and let's see if it breaks the zone and starts a new rally in the coming months. NOTE: I'm not a SEBI REG. Study before investing.
Ultracemco on weekly timeframe (although weekly closing is pending) is forming a rising wedge pattern and suggest that longs here need to be very cautious or start booking/trailing the profits. Rising wedge pattern can be both a bearish continuation and bearish reversal pattern, when it is accompanied by declining volume it is a deadly combination and a clear...
As you can see the stock is traveling in a range that is forming a rising parallel channel. If does not breach the lower side of the channel, we can anticipate the price to move up to 9000. This setup fails for the time if the price breaks down of the lower channel support. Only for learning and sharing purposes, not a piece of trading advice in any form. All the best.
Looking good for buying once the trend line breaks or wait for the reversal at bottom trend line. Also make sure to follow the index trend and take position accordingly. Please follow me if you like my analysis. More ideas publishing soon…
NSE:ULTRACEMCO Ultra Cemco is been moving in a uptrend and now it is consolidating in a tight range. The Structure has formed a lower high and if the previous higher low is broken then the new lower low will occur and trend change its direction. on the upside, the last 3 days' candles need to break and be closed above cause they are showing a good rejection...
head and shoulder pattern formed in ultratech cement stock.
This includes multi timeframe analysis but I'm posting 2H TF chart for the sake of Candlesticks visibility. Can give a decent momentum if it consolidates near trendline reason for saying this is the stock has been rallying from 25th may so it needs consolidation. Please do support me if you like my analysis, and check out my previous ideas as well.
Attached: Custom Cement Index/ Nifty 50 Daily Chart as of 21st April 2023 (Note: The above Chart is my Custom Cement Index made up of all the F&O Cement Stocks and this is the Ratio/ Relative Strength Chart version of it, against Index Nifty 50. This gives us an idea of the Relative Strength of the Cement Stocks and used to find out whether they are likely to...
There is an on going chart pattern in the stock Ultracemco i.e., ultra cements This is on a daily timeframe. The projected target is of ~28% out of which 11% is already achieved. One can go long now as well with a strict SL of current swing low.
inverted head and shoulder pattern. strong upside if breaks neck line. wait for breakout
Hello Everyone, Today i am back with a wonderful share to swing Ultratech Cement as you can see that there is a Inverse Head and Shoulders and a Slanting Channel which is a very bullish sign, destroying the chances of bear as the Retest is also complete and stock has moved up also. Now coming to targets so if we take the target of the channel it is 7980 at 12%...