Theory: 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 cement stock is building positive momentum, all the EMA are inline at 30 min TF. Once the resistance line is crossed, the stock may not give chance to entry at expected level. After todays .25 % hike. There is no negative news expected in the market soon. The above impact is already absorbed in the market. Take you own decision and consult your financial...
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….!!!!!
Inverted Head and shoulder pattern in Ultratech cement Ltd...........
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets...
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
I explained everything in the chart itself & do keep it in mind tht this is a WEEKLY chart so my only point of sharing this is to share my BIAS but if u wanna find entries u should go to the lower TFs. TRADE AT UR OWN DISCRETION WITH GOOD RISK MANAGEMENT.
Bullish on Ultratech Cement Inverted Head & Shoulder pattern Should Give as same % Upmove as the Head of pattern Right Now focusing on ATH *Not a Trading Advice, Just For Education Purpose*
Go Long. Looks like uptrend has arrived Keep stop loss around 6400
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....
Chart -> Ultratech Cement Weekly An inverse head and shoulder breakout in Ultratech Cement. CMP: 7237 Targets: 8080 and 8950 Good range: Around 6760 SL: 6130 weekly close Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Ultratech gives a breakout by creating an inverted head and shoulder pattern can be a good buy for further levels
Weekly time frame- Broadening Wedge Pattern Daily time frame- Triangular pattern Breakout Target - high touch of wege pattern 315-320 SL- Low of triangular pattern 218-223 RR Ratio-1:3
NSE:ULTRACEMCO near to the Inverse Head & Shoulders Breakout. Above 7000 Can give a good Bullish momentum.
ultratech cement is looking Strong Bullish Logics- Invert Head & shoulder , trendline breck.
NSE:ULTRACEMCO #NSE:ULTRACEMCO formed Beautiful Inverse #Headandshoulder (W) pattern #Trendline BO Trading @ major #Resistance. TL & Resi BO may show good momentum with small pull back, rejection from This level may consolidate. Levels mentioned on chart !!