#ultratech followup... from 4642 to 4850 today.... good Break out. See earlier chart for movement.
#ultracemo followup... what a breakout today from yesterday's levels...140 points move...
#ultracemo followup... Flag breakout... stay bullish now...
after 11 days ultratech manage to clsed over trendline.....will it sustain?
#ultratech Followup... 4470-30 is crucial zone.. below 4430 its a fall as per levels given before... 4360 and next targets on chart...
#ultratech followup.. .so is this a pullback or trend reversal... might be cleared with next moves in couple of days...
#ultratech followup.. As told earlier in Linked chart, below 4500 targets are open for next as 4360. It gave breakdown today.
NSE:ULTRACEMCO I feel it cannot. It is already in overbought zone. This could be a brilliant shorting opportunity.
ULTRACEMENT has shown good MoM and closed above M RT. Price can retest this area. Look out for good PA for longs. WBP neckline also broken out. Price is also above M and W pivots. Next D RT around 4665 can be the target for positional long.
Ultratech was trading in a falling channel which got supported on its demand zone (3960-3950), bounced from this level and yesterday it broke that channel. Seems good buy considering rally in reality sector.
Note: This is for educational purpose only. There is a bullish breakout with ascending triangle formation. Ultra high volume confirms the momentum of the bullish breakout. Moreover, there was a build up near resistance which is a sign of bullish strength. RSI above 60 adds to the conviction of bullish momentum.
Bank Nifty - Technical Analysis: Bank Nifty started off the day with a gap-up opening but soon corrected over 1.7% within an hour. The bears then started booking their profits due to which Bank Nifty retraced upward before settling near the day's high. On the hourly chart, Bank Nifty gave a failed breakout above the EMA20 line and formed a red candle after...
Note: This is for educational purpose only. Expecting a bullish breakout above the horizontal line. RSI above 60 indicates a bullish momentum. Moreover, there is a surge in buying volume.
A nice Shoring opportunity is found in UltarTech Cement. Risky traders can trade in June 2020 contracts in Futures and Risk averse can trade using Put Options. Pattern - ABC Correction. Can I trade in cash segment also - YES with a strict Stop loss.