NSE:ULTRACEMCO As one can se that stock at harmonic support of this pattern (halfbat), if find reversal in this zone with any good reversal candle then one can go for swing trade any closing below 6006.95 on closing basis and next day if same candle's low break then that could be stop loss for this pattern. target 6800 and above on trailing basis....
Showing sign of reversal and trading very close to a nice support zone on day chart.
NSE:ULTRACEMCO 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns. 📌 That Dash Line Is Called...
Fundamentally a very strong stock. Has been on a down trend for a very long time with RSI in oversold zone. Wait for an reversal candlestick pattern at the mentioned level for long term investment.
Ultratech Cement can take support near 6250-6300 and start it's upward journey towards 7000+
Just a technical view on any fall where sud u buy. If by any chance u get near the levels marked. Buy as per your risk appetite.
Good opuurtunity for long term investers and also for short term investers too. This Ultratech script is in good form and strongly have my conviction that it may reverse from around this level or around 6200 range and my stoploss for short term trade would be around 6170 level.Long term investers just accumulate this legend for good ROI.
NSE:ULTRACEMCO Intraday stock watchlist for tomorrow February 8. Check them all and comment. RD TRADING
Ultracemco looking bullish, kindly check levels marked on charts.
Short between 7180-7200 with SL above 7250 Target 1= 6760 Target 2 = 6610 Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
With Major thrust being anticipated in budget for infra..... cements and real estate... segments can possibly be very volatile based on the news flow... Like..... share.... follow.....
short below 7000 in Intraday For stoploss in Intraday use 5 minute chart and see nearest resistance. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis NOTE: For Gapdown or bd before...
ACC CMP 2241 stock has given narrow range breakout can initiate longs with sl of 2084
chart pattern and trend analysis suggest counter is at demand zone long can be inititated in this counter
ULTRATECHCEMENT important levels for long term investment Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Long can be initiated above 7416. Red day with low volume near support level.. so stock may turn from here
The stock recently tested its long-time trendline support. If sustains above may go in an uptrend. And if breaks the levels of 7200 on a closing basis, then wait to come down to the lower horizontal support channel. As shown in the chart. Only for learning and sharing purposes. best of luck.
Buy ultratech cement at cmp(7483), targets are: 7600 and 7800. Hold it for 4-6 weeks.