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Ultratech

ULTRATECH DOJI STRATEGYHello Guys. When ever the New Trend emerges. Those who are late comers / Confirmed comers like me into the trends will look for. 1. Stock is Creating a zone & waiting in the box. 2. Doji is very interesting candle. If it formed between the move has started , this indicates a Trend pause & will continue once the high of the doji is Breached. 3. RSI signal & higher timeframe signals above 60 levels. 4. Bollinger band expanding. Indicates volatility expansion. 5. Volume expansion on breakout candle Its my own terminology. You can have your Own different. HAPPY TRADING.
NSE:ULTRACEMCOLong
by Princetechnicals
UNLTRATECH CEMENT FORMING A FALLING CHANNEL OR FALLING WEDIGELet’s analyze the chart pattern for UltraTech Cement. The chart indicates that UltraTech Cement is currently forming a falling wedge pattern or a falling channel pattern. These patterns are considered bullish and suggest potential upward movement in the stock price. Here’s what each of these patterns signifies: Falling Wedge Pattern: A falling wedge is characterized by a gradual narrowing of price range between two converging trendlines. The upper trendline (resistance) slopes downward, while the lower trendline (support) slopes upward. As the price oscillates within this wedge, it typically signals a potential bullish reversal. Traders often interpret this pattern as a sign that selling pressure is diminishing, and buyers may step in. The breakout from the upper trendline (resistance) can lead to a significant upward move. Falling Channel Pattern: A falling channel is similar to a falling wedge but has parallel trendlines. The upper trendline acts as resistance, and the lower trendline acts as support. Price tends to move within this channel, bouncing off the trendlines. Like the falling wedge, a falling channel also suggests a potential bullish reversal. Traders look for a breakout above the upper trendline to confirm the bullish bias. Trading Strategy: Based on the chart analysis, consider the following approach: Buy on Dips: Look for buying opportunities when the stock price retraces toward the lower trendline (support). Set stop-loss levels below the support line to manage risk. Target potential upside moves toward the upper trendline (resistance) or beyond.
NSE:ULTRACEMCOLong
by RoG8
Ultratech - At Crucial LevelThe stock price has doubled since June 2022. As per the chart, has been traveling in a rising parallel channel. This time resting at the upper edge. If the price is rejected here, there may be some correction time ahead. One has to decide the entry and exit levels very wisely. This illustration is for learning and sharing only. Not a piece of trading advice in any form. The setup fails if the price breaches the channel above and sustains. All the best.
NSE:ULTRACEMCOShort
by anandlive
2
Positional_ UltratechNamaste! 1. Ultratech looks good for a positional/swing trade. 2. Entry price and Stop Loss is marked on the chart. If the stock open gap up, then limit order at the entry price will be placed. 3. This trading idea is only valid till next 4 trading sessions. If entry doesn't execute till then, it will be cancelled. 4. Target can either be booked at 3 times reward, or can be trailed at a low break of high breaking green candle. And be ready for a gap down in Nifty on next trading session (as SPX closed in red more than 2% last day). Disclaimer: The views expressed in this article is of my own. You're solely responsible for any decision taken in the markets, resulting in financial gains or losses. The analysis I've shared is for informational and educational purposes only.
NSE:ULTRACEMCOLong
by UnknownUnicorn7637383
Q&A_ When to sell Ultratech?Namaste! I often wonder why do retail people and even institutions sell when the stock has been already fell. Why didn't they sell when the stock was rising? I follow a simple principal. Either sell it at a profit or don't sell. Anyways, In the weekly chart of the ultratech, you must have noticed the circles I've drawn. These circles represent the price as well as volume candles. Rising prices should mostly be supported by the rising volumes. But in this case, the volume is falling. This can be a fake-breakout. And the number 3 is very strong indication. This isn't the 1st time for Ultratech. The stock has proved the above statement two times previously. Opinion to investors: Well, investors should never sell any stock they own. This isn't limited to this stock, but to any stock. But, if you were planning to add more (buy more) shares, you can wait for a correction. Opinion to traders: Well, you can trail your stop loss to either Rs 6510 or Rs 6584. Again, both the prices has importance of their own, so don't get excited for the high SL price. The first price is based on the weekly candles and second is daily. Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Investment does not guarantee a fixed return due to volatile nature of markets and may result in a loss. Please do your analysis and/or consult your financial advisor before investing.
NSE:ULTRACEMCO
by UnknownUnicorn7637383
1
UltraTech Cement - Retest of head and shoulder patternCurrently, 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 volume analysis "Wave Volume Divergence" Indicator has been used. My analysis is solely for study purpose; I am not a Sebi registered individual. If my analysis proves useful to you, please like it and follow me on TradingView for more analysis like this.
NSE:ULTRACEMCOLong
by AfnanTAjuddin
15
Breakout of inverted head and shoulder in Ultracemco.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. 1. Inverted Head and shoulder pattern break out on weekly time frame. 2. Inside candle on daily time frame. 3. High volumes on the break out. The stock can be bought for a long term as the targets will be also carried on the weekly time. For intraday targets smaller time frames can be preferred. Stock options for next month expiry can be carried for swing/positional trades as the stock start trading above 7300 levels. Targets :- 7522, 7728 Stop loss :- 7100 Wait for the price action near the levels before entering the markets.
NSE:ULTRACEMCO
by Mambotrade
2