Looks good for a quick option. Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade Check these Upcoming ideas - STILL ACTIVE Check these successful trades & approach on Britannia , Mothersonsumi , DLF , Biocon , Daawat , Infosys , HBL power , HDFC life , Hind ZINC given below If you like my...
Date: 07 June 2021 Ultracemco 12% potential upside
NSE:ULTRACEMCO is trapped in a corrective pattern and will test Rs5300 levels. The price reversal box is in the chart, This can result in rejection from resistance and then a breakout from the channel.
If Ultratech Cement give Breakdown of 6000/- Support,we can see the Levels of 5600/- Easily. OR If it Bounce Back from 6000/- Support, we can see the Levels of 6500/- Easily. SL your Risk.
ULTRATECH CEMENT is trading at an all-time high and failure to break 6973 Strong RESISTANCE level 3 times and is an indication of the strong BEARISH trend in upcoming days. Fundamentally strong stock to hold for the long term, but as per the P/E ratio it's a bit expensive (below 24) is a discount price. SO TECHNICALLY AND FUNDAMENTALLY STRONG BEARISH TREND,...
Stock has formed Cup and Handle on higher TFs Buy for long if resistance zone is broken, since the market is volatile, don't wait for bigger targets. Can also consider for swing if 30 minute candle closes above 6960 P.S. Stock will become bearish if it breaks lower Trendline
ultratech cement chart analysis for intraday and swing trading
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NSE:ULTRACEMCO Short only if find reversal. Reversal Zone already Mentioned on chart. ******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
The stock looks good to short below 5280 for the targets of 5080 and 4820 until 5525 is intact on the upside. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Sell At Cmp 5159, SL - 5260 (WCB), Target - 4700
ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE. The indicator used: 1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts 2) TE-REKAB - PB: PULLBACK If you like the analysis, do leave a like and follow for more such content coming up. The analysis is my POV, hope you got...
Hello Friends, Ultratech looks very attractive for the short term holding. it has given flag and pole breakout on a daily timeframe with high volume. MACD is in a positive state on a weekly timeframe and stochastic is also in a positive state on the daily time frame. it is having potential strength for moving upward towards its target.
#ultratech What a move! Completed 400 points from 4802 to 5200 now in 2 to 3 sessions. See related idea...
ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE. GAVE A BREAK OUT FROM TRIANGLE AND RE TESTED THE SAME TRENDLINE TO BOUNCE BACK. BUY AT 4870; 4980 IS A HUGE RESISTANCE LEVEL AND PRICE HAS TRIED TO BREAK IT TWICE ALREADY. The indicator used: 1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower...
#ultratech followup... Its 4910 close today from 4802 yesterday...broken the flag and above 4950 we can expect at least 300 points move...it can retrace somewhat after breaking however overall strong bullish structure.
#ultratech near all time High resistance Zone but forming a bullish flag pattern...If it breaks zone, then very good movement of at least 500 points can be seen... View will be negated below 4750 levels
#ultratech followup.. what a run of 300+ points after Breakout...