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Ultratech

Short Ultra Tech Cement for target of 3600Short 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 level for the fresh buy. On 16th October 2018, the intraday players can short it for the target of 3600.
NSE:ULTRACEMCOShort
by Rohan21
Downturn likely to end in UltraTech Cem. Short for target 3600After 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 and swing traders can hold the breath until we saw price moving at least 5% above the current level. Tomorrow on 16th October, we can see the price tasting the 3600 level. So, intraday players can short it for the target of 3600.
NSE:ULTRACEMCOShort
by Rohan21
ULTRATECH Short...ULTRACEMCO make trend continuation short pullback here keep watch trade safely Disclaimer: 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 such activity is suitable for your own financial situation. I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities. Hope this idea will inspire some of you! Don't forget to hit the like/follow button if you feel like this post deserves it
NSE:ULTRACEMCOShort
by sakthideva
Cement sector opportunitiesUltratech 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 stock and weakness in the RSI indicator. It may be an opportunity to keep adding on dips like it is seen currently.
BSE:ULTRACEMCOLong
by Nar
Ultratech Cement turned into bearish trendUltratech Cements after its long up trend journey broke at 3921.00 and stock seems struggling for upward movement but has been unable to breakout upward and trading downward since last week and retraced to 38% of fibo level and approaching to crucial 50% level 3410.00, traders may enter short in this stock for target of 3410 to its near term support, alternatively if market open green it may retest 3980.00 the resistance before going downward.
NSE:ULTRACEMCOShort
by nextgen