CT Breakout + H&S! What’s Brewing in Udaipur Cement?📌 Chart Overview
A clean Counter-Trendline (CT) breakout is visible on the weekly timeframe.
The breakout also aligns with a classic Inverted Head & Shoulders structure.
The left shoulder, head, and right shoulder are all clearly formed, suggesting a potential reversal pattern.
📌 Hidden Resistance Lines
Dotted white lines represent hidden resistances, derived from prior swing highs/lows.
The extended hidden line from the top acts as future resistance, adding confluence to the zone.
📌 Monthly Supply Zone
A monthly supply area is marked at ₹34.63, closely aligning with the extended hidden resistance.
This zone could act as a potential hurdle in the next leg up.
📌 Volume Analysis
Breakout lacks strong volume, which is a key point to remember.
UDAICEMENT trade ideas
Another Multibagger Udaipur Cement-after listing no return for 2 years then gave breakout last year
-after breakout moved 25% and retracing from last 5 months
-below it has very strong support zone
-company is highly profitable & as India grows construction related sector will also grow
UDAICEMENT
Prices have cleared its previous all time high of 32.65.
Volumes in this rally have been higher than average, confirming strength.
RSI has also cleared 56-58 Overbought zone, suggest bullish trend.
Bullish outlook remains valid as long as price is above 30.
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Resistance Breakout in UDAICEMENT
BUY TODAY SELL TOMORROW for 5%
Resistance BreakoutBook profits within the first 30 minutes of the market opening
- Try to exit by taking 10-15% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either consolidate or fall
CMP- 35
Target Price 40
Note:- I am not SEBI Registered This Trade is only educational Purpose
Flag & Poll Pattern 📌Flag & Poll Pattern
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UDAICEMENT
- Volume Dry up during Flag
- Above Key EMAs
- Bullish RSI
Udaipur cement LongUse retest or dips to enter Trade.
SL can be maintained below the Breakout candle.
Udaipur Cement WorksUdaipur Cement Works looks poised for a 10-15% move.
First Entry - CMP
2nd Entry - Above 27.55
Target - 15%
SL - 25.20
Study the stock & Trade responsibly.
2 Amazing Swing trading ideas for 4 August I daily make educational content videos for swing / positional trading
udaipur cement on BOUdaipur cement if crosses above 28 then call it technical multibagger go long with small qty like 10K and if BO enjoy it
UDAIPUR CEMENT : LONGBuy@CMP
TGT - 51 & 55
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis
UDAIPUR CEMENT - FUNDAMENTALS and TECHNICALS - BULLRUN COMINGUdaipur Cement Works Limited (UCWL) , incorporated on 15th March 1993, has its registered office at Jaipur, Rajasthan. The company presently is a subsidiary of Indian Cement Manufacturing Company, JK Lakshmi Cement Limited, which is part of reputed business conglomerate JK Organisation (JKO) that has rich business legacy of more than 135 years. UCWL manufactures cement under the brand name-Platinum Heavy Duty Cement.
FUNDAMENTALS:
> It is a Small Cap company with a market cap of just Rs.953 Cr.
> The ROCE is at 16% and ROE is at super 30% which is very impressive. Positive.
> Stock P/E is at just 15 which makes the valuation very attractive as compared to the sector P/E at 23. Positive.
> Higher than Industry Revenue Growth: Over the last 5 years, revenue has grown at a yearly rate of 52.03% vs industry avg of 12.41%. Positive.
> Increasing Market Share: Over the last 5 years, market share increased from 0.06% to 0.35%. Positive.
> Higher than Industry Net Income: Over the last 5 years, net income has grown at a yearly rate of 47.72% vs industry avg of 18.8%. Positive.
> Debts: The company have Debts of Rs. 523 Cr as per Mar 21 Balance Sheet but the good thing is that it has been taken for business expansion.
> Very robust Topline and Bottomline, continuously increasing on YoY basis.
> The company is increasing its cash reserves on YoY basis too.
> OPM is rapidly growing in last 5 years which is wonderful, it is at 20% as per Mar 21 Balance Sheet, company has also delivered good profit growth of 63% CAGR over last 5 years, that's a super positive sign.
> Promoters holding is intact at 72.54% that is a good sign, like they trust their own business and staying invested.
TECHNICALS:
> On the chart stock have recently gave Breakout after making wonderful Rounding Bottom Pattern since June 17.
> It is trading above 100 and 200 DMAs.
> Volume is picking up significantly as compared to last few quarters as highlighted by blue box at the bottom, lot of accumulation is going on and the stock is getting ready for a wonderful bull run.
With the construction sector coming on track throughout the country as the Covid restrictions easing up slowly in multiple states, the stock have very good potential to become a multibagger.
Fresh Buy - AT CMP i.e. 30
Old Buy – Hold
First Target – 38.5, but I’m into this for a long haul.
Risk Management Tip: Never invest more than 5% of your capital in any single stock.
Happy Investing!
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