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"Idea by Malkiat Singh"
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Sell ULTRATECH CEMENT on rise with SL of 4190 and targets of 3819. A confirmation obtained on RSI and a convergence on MACD on the cards that will eventually lead to a downward move. One can book profits on their longs.
Short for the target of 3600 on 16th October 2018. Today's bearish engulfing pattern on the daily chart suggest that still the bears are in control to the price. But the current price is at the same zone from where the last time it has shown the upward move. The positional and swing traders can wait until we can see the price moving at least 5% above the current...
After the cycle of downward movement, the price of Ultratech cement is on the same place from where it has started the rally last time. But the today's Bearish engulfing pattern suggest that still the bears are in control and the price seems to be hovering around the same zone for some time until the bulls try to take the price up for another rally. So, positional...
ULTRACEMCO make trend continuation short pullback here keep watch trade safely
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in...
NSE:ULTRACEMCO Weekly Chart. AB=CD in process. Stock above safe buy zone. But seeing the previous wave this trade seems risky. Enter with small quantity. Stop loss below C zone (3783). Target D level = 5200+ By end of Feb 2018.
Ultratech has closed above the trend line and 13wk moving avg (as there are 13 weeks in a quarter) on weekly chart indicating strength.
We can expect it to gain some momentum in the coming weeks
Ultratech has lost 25% of its value in the past two months due to the demonetization impact. I am long on this stock since fundamentally it is a good stock but in the short medium term it will see some selling pressure. With a P/B of 4, these current dips presents good buying opportunities.
Technically note the strong support at 3100 and 2600 levels for this...
It is been observed on Daily chart that the price action breaks below another support levels indicating high pressure of selling and Sellers control over price action. It shall further move down
Target 1: 3040
Target 2: 3000