ULTRACEMCO trade ideas
Ultracemco Sell below 7299Conditions
Nifty should be negative
Price must be sustained at given level.
Educational Purpose only
RoundingTop#Ultratech has formed rounding top candle stick pattern on daily scale. Breaking the neckline of 7285 it can go down till 6685 which is copy book target for the stock.
Neutral to Short
Cement prices: Our channel check suggests, average cement price at an all India level is flat MoM in Aug-2021.
Coal cost: In Aug-21, imported coal price (adj. for currency) is up 9% MoM.
Cement demand: Cement production in India for the month of June-21 has increased by 4.3% YoY.
Volume for industry has been weak due to monsoon but it’s inching up steadily.
Freight cost index is up 2% MoM in July-21
Clear cup and handleUltracemo has given a cup and handles pattern today. can expect a rise in price in the coming days. Set it up in your watchlist
ULTRATECH TARGET 8000SWING TRADE
Stock is respecting its support and resistance level.
Stock can be seen in a bullish move.
We can see that stock gave a retracement till 0.236 fibo level and a good bounce can be seen from there.
We can expect 8000 as a easy target by looking at the stock move.
Do your own analysis before entering and you have any idea please tell me in the comments
#ULTRACEMCO 7366 SupportNote: Only take a trade using any price action patterns on closing basis, use 15 mins chat and please don't trade in options with my levels.
ULTRACEMCO : good breakout buy !!!ULTRATECH CEMENT : CMP 6933
Technical buy based on :
1. Multiple time frame resistance breakout .
2. triangle breakout .
3. cup & handle breakout .
4. high volume near breakout price zone .
Trade set up :
1. buy above 6695 .
2. keep stop loss as 6678
on closing basis .
3. targets : 7566/8038+ .
Ultratech - Need to sustainUltratech Swing view
Need to sustain 7720 level for further upmove
else may fall till lower trendline
Go Long!Cement is new sugar and will continue the rally. Wait for some profit booking for a proper entry. Looking very good for next 4-8 months. Don't miss out!
ULTRACEMCO NICE BO DONE AND SUSTAINED, SWING OPPORTUNITY AT 7250As u see on chart. Price was in Continuously Strong Uptrend and given a nice Breakout of Ascending Triangle Pattern & Sustained also.
SWING TRADE OPPORTUNITY
BUY AT 7250 FOR TGT 7700-8050+ WITH SL 6800
Ultratech Cement - Good breakout🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
ULTRACEMCO analysis for swing and intradayULTRACEMCO regressions chennel analysis
watch the upper trend line for next short term trend for ULTRACEMCO
levels for intraday for 19/07/21
buy above 7362 if coress
sell below if croses 7300
Possible uptrend in UltraTech CementPossible uptrend in UltraTech Cement.
Should goto 7500 levels easily and then fly :)
PS: For educational purposes only.
***** Kindly consider following me for more analysis *****
ULTRACEMCO Trading PlanAny side of break out this mother candle we can expect a good move.
also, there is a nearby trend line
Ultratech cement at all time high Ultratech cement on 1h time frame. Broke resistance of 7052 and makes a life time high. Still travelling in a channel but change in volume spotted in buying side. Can put your SL to 6799 and take minimum of 1:2.
