As one can se that stock at harmonic support of this pattern (halfbat), if find reversal in this zone with any good reversal candle then one can go for swing trade any closing below 6006.95 on closing basis and next day if same candle's low break then that could be stop loss for this pattern. target 6800 and above on trailing basis....
EXPLANATION : This is a Daily time frame chart of ULTRACEMCO . The stock has been in a downtrend for days and has formed kind of a head and shoulder pattern . If give a strong breakdown and broke its demand zone with volumes and has retested the same. I am bearish on this stock for the coming days . If taken support from demand zone we buy at the bottom and sell...
After a trendline break , it is currently taking support on 200 EMA (15 min time frame) . It is a good swing trade set targets according to your convenience , and place logical stop-loss . If it breaks its recent high i.e 7450 with a strong bullish candle , it can also give good intraday targets.
EXPLANATION : This is a 4 hour time frame chart of ULTRACEMCO . It has been in downtrend for days the stock on a very crucial level , If ULTRACEMCO taking support from Demand zone & broke its trendline resistance , I am seeing very good buying opportunity in ULTRACEMCO . If stock give a strong breakdown and broke its demand zone with high volumes and retest the...
EXPLANATION: This is a 15 min time frame chart of ULTRACEMCO . The stock has been in a downtrend for days and has formed an Inverted head and shoulders pattern. If stock give a strong breakout and broke its supply zone with volumes and has retested the same. I am bullish on ULTRACEMCO .
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EXPLANATION : This is a 1 hour time frame chart of ULTRACEMCO , It has formed Inverted Cup & Handle pattern breakout & continue down trend . I am bearish on ULTRACEMCO .
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Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
Buy Above 7004.00
SL @ 6800
Targets :- 7199 , 7399 , 7599 , 7799 , 7980
Avoid entries , if there is a Huge Gap Up / Gap Down
Take Entries as per Price Action
** Only for Educational Purposes
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The stock is at an important zone, it has taken support from the yellow line multiple times and if it is taken out we may see marked levels.
In case stock takes support again from this zone then upper marked levels on the chart would be tested.
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InvestPro India Team