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,...
Strong Breakout on Monthly Chart. Stock moving towards higher levels. Accumulation at Previous High and Now Breakout .
Go Long. Looks like uptrend has arrived Keep stop loss around 6400
Above 8500 this stock is ready for new lifetime high and its five digit figure .stock is sideway in between 500 pts in daily candle after and breakout of 8500 this stock is no stop
Looking good for buying once the trend line breaks or wait for the reversal at bottom trend line. Also make sure to follow the index trend and take position accordingly. Please follow me if you like my analysis. More ideas publishing soon…
On 4 hrly chart a Wedge Breakout is visible Volume is high on the breakout candle Levels Around 7845 may be tested before upward move indicating sl (white horizontal line) Short Term Target is 8274.7 (yellow horizontal line), Targets can be increased further later , depending on the candle.
This includes multi timeframe analysis but I'm posting 2H TF chart for the sake of Candlesticks visibility. Can give a decent momentum if it consolidates near trendline reason for saying this is the stock has been rallying from 25th may so it needs consolidation. Please do support me if you like my analysis, and check out my previous ideas as well.
Overall trend is up so my view is bullish, entry should be like this, buy above 7481 stoploss 7289 tgt 7900
Trend is bullish in intraday so my view is also bullish, entry & exit should be like this buy above 7482.55 sl 7423.80 tgt 7566
sell ultratech blw 7680 sl 7790 tgt 7600-7500 or more yes bear candel wqill show power as per expectttttt sell only with tight sl cls base
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