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.
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.
ultratech cement daily time move 5th wave upside and complete 5th wave internal 1,2,3,4 complete and move upside 5th be aware 5th wave in last
Currently, UltraTech Cement is trading over its strong support zone, which previously served as a resistance area. We can see that the price has come back to test the head and shoulders pattern's breakout & we can see Selling Volume is getting Exhausted. On the chart, I have drawn a red trendline. Planning a buy trade is possible if trendline breakouts occur. for...
Ultratech is coming near previous demand zone and Risk Reward looks good for buyers. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Ultra tech cement giving a break out of head and shoulder pattern on the higher time frame. The stock on the weekly time frame has given a breakout of the inverted head and shoulder pattern with good volumes. On daily time frame, the stock is halting on the higher levels. The stock as also formed an inside candle on the daily time frame. 3 point confirmation....
An inverse H&S has formed on the chat and the analysis & Target is as shown on the Chart. This is my view and for educational view only.
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...
Ultracemco looking bullish, kindly check levels marked on charts.
EXPLANATION : This is a Daily time frame chart of ULTRACEMCO . The stock has been in a downtrend for days and has formed kind of a head and shoulder pattern . If give a strong breakdown and broke its demand zone with volumes and has retested the same. I am bearish on this stock for the coming days . If taken support from demand zone we buy at the bottom and sell...
After a trendline break , it is currently taking support on 200 EMA (15 min time frame) . It is a good swing trade set targets according to your convenience , and place logical stop-loss . If it breaks its recent high i.e 7450 with a strong bullish candle , it can also give good intraday targets.
EXPLANATION : This is a 4 hour time frame chart of ULTRACEMCO . It has been in downtrend for days the stock on a very crucial level , If ULTRACEMCO taking support from Demand zone & broke its trendline resistance , I am seeing very good buying opportunity in ULTRACEMCO . If stock give a strong breakdown and broke its demand zone with high volumes and retest the...
ULTRACEMCO me ( inverted head and shoulders pattern ) bana hau hai short nhi jaana hai aaj buy hi dekhna hai is me
EXPLANATION: This is a 15 min time frame chart of ULTRACEMCO . The stock has been in a downtrend for days and has formed an Inverted head and shoulders pattern. If stock give a strong breakout and broke its supply zone with volumes and has retested the same. I am bullish on ULTRACEMCO . If you like this analysis give a Like // Follow for more updates , let me...
Ultra ham log ko najar aaa raha hai ki lower low banate jaa rha hai aur ek niche support bhi hai us ko brack krta hai
EXPLANATION : This is a 1 hour time frame chart of ULTRACEMCO , It has formed Inverted Cup & Handle pattern breakout & continue down trend . I am bearish on ULTRACEMCO . If you like this analysis of Stock give a Like // Follow for more updates , let me know in comments below :)
Good shorting opportunity can arise. Keep a watch.