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Ultratechanalysis

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
ULTRATECH CEMENT: A LEADING DIAGONALTheory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1. Properties Of Diagonals: Diagonals can be contracting or expanding type being expanding diagonal a rare one. In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2. In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2. Types Of Diagonals: LEADING DIAGONAL ENDING DIAGONAL LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern. ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal began. TRADING STRATEGY: Plan A: Buy with SL of 7147 and look for the upside target of 7600/7800 Plan B : Sell in the region of 7800-7900 keeping SL of 8150 and look for the downside targets of 7050/6600/6400
NSE:ULTRACEMCOLong
by TradingSutra
Ultratech Cement: Inverted Head and Shoulder breakout Ultratech Cement ( NSE:ULTRACEMCO ): Inverted H&S in weekly chart Trade Plan: Cash : BUY at CMP. Add more at 6900 Place SL at 6615. Revise the SL at 7350 when share touches 7650. Further, if share breaks out 7800, tighten the SL to 7600. Book long at 8000. Option : 1. Naked Call Buy : Ultratech 7300 Jan-25 call option at 100, with SL:65, T: 150. Lot: 100 shares. (So calculate the risk also if you want Options). 2. Bull Call Spread : BUY 7200 Jan-25 call. SELL7800 Jan-25 call. Breakeven is 100 point upwards with 1:3 RR. Margin: 25k.
NSE:ULTRACEMCOLong
by pradipandsuvra
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 TheMamboMomentum
2