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*
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 !!
Buy Trigger above-6852 SL-6759 Target-7016,7330 This idea is just for the educational purpose
inverted head shoulder pattern which is forming not completed and wave theory also supports that final move is pending in cement giant downside risks are also present but upside is more likely can slip towards 5600 levels without disturbing the head and shoulder pattern but upside is inevitable
Buy if sustains above 6285 for the targets marked with white line on the chart until 6030 is intact on the downside. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
breakout above the red moving average line should be taken seriuosly targets will give later
Cup & Handle formed. Waiting for handle breakout with high volume & strong closing. Recently Realty, Infra & few other Cement stocks are doing well.
: entry & exit is very important : try to manage money management : know your stop loss : find the chart pattern / analysis the chart before you enter
An inverse H&S has formed on the chat and the analysis & Target is as shown on the Chart. This is my view and for educational view only.
Keep this in your watchlist, high chances of a breakout as it is consolidating near the resistance.
Ultracemco has made a Insider bar last week on weekly time frame and on dtf, it is making a cup & handle pattern. There is also a confluence of ema's on hourly timeframe and on 15 min time frame there is a counter trendline resistance broken out.