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.
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.
🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
Buy Above 7004.00 SL @ 6800 Targets :- 7199 , 7399 , 7599 , 7799 , 7980 Good Stock Avoid entries , if there is a Huge Gap Up / Gap Down Take Entries as per Price Action ** Only for Educational Purposes PLEASE DO LIKE , COMMENT OUR POSTS .
NSE:ULTRACEMCO Short only if find reversal. Reversal Zone already Mentioned on chart. ******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
The stock looks good to short below 5280 for the targets of 5080 and 4820 until 5525 is intact on the upside. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Note: This is for educational purpose only. There is a bullish breakout with ascending triangle formation. Ultra high volume confirms the momentum of the bullish breakout. Moreover, there was a build up near resistance which is a sign of bullish strength. RSI above 60 adds to the conviction of bullish momentum.