The 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...
Ultratech spot at 10500 Weekly time frame Ascending parallel channel formation Equivalent harmonic ABCD pattern formation. counter can face resistance around current levels and going ahead. if not able to sustain higher counter will give a sharp reversal of 1500-2000-2500 points ,, keep watch. This assumption is made as per parallel channel and harmonic pattern,...
Cement sector stocks are facing a little resistance at the top and let's see if it breaks the zone and starts a new rally in the coming months. NOTE: I'm not a SEBI REG. Study before investing.
Namaste! 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,...
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...
cmp:8264 for educational purpose and not a trading idea: chart shows levels
Go Long. Looks like uptrend has arrived Keep stop loss around 6400
It is clear from the charts that the stock is trading in a parallel channel. yesterday's price was rejected from the upper resistance. if the pattern continues, it should come down to the indicated levels. The logic behind entering here is a good risk-reward ratio at the moment. Only for learning and sharing purposes, not a piece of trading advice in any form....
Overall trend is up so my view is bullish, entry should be like this, buy above 7481 stoploss 7289 tgt 7900
It may take support here as the stock is in uptrend first expectation is that it will continue the trend. Let it take support and then let it give low risk entry point then enter. If it is not coming then let it go..
Good technical pattern under formation. Once the triangle breaks on the upside there can be target of 11000. All the cement companies shares are doing good except ACC & Ambuja which are under pressure due to other reasons. Hence, It will be good to take this bet as whole sector is performing there are higher chance of breakout but for safety perspective SL has to...
Ultratech Cement after breakout its Ascending Chart Pattern trying to sustain above Levels but not get Sustained and get major or Agressive SellOff If ULTRATECH cannot hold 6850 Support we can see further down move untile next support which is 6100 approx KEEP AN EYE ON IT….!!!!!
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....
looks goods sl 6718 trgt 7917 n 8446.......................................................................................................................................................................................................
Ultratech gives a breakout by creating an inverted head and shoulder pattern can be a good buy for further levels
NSE:CNXMIDCAP NSE:ASHOKLEY NSE:ASAHIINDIA NSE:BAJAJHLDNG NSE:GRAVITA NSE:IEX NSE:PIIND NSE:POLYCAB Good to keep on the radar Always respect SL & position sizing ======================== Trade Secrets By Pratik ======================== Disclaimer SEBI UNREGISTERED This is our personal view and this analysis is only for educational purposes Please consult...