Ultracement is in Tight Range.The stock is moving in tight range as well its RSI. as per the RSI data, it can BO but it has to close above the TL for further upmove.
ULTRACEMCO trade ideas
Ultratech chartBlue Line Represents Trend Line.
Analysis
Long above 3927.45
Targets are 3943.3,3972,3990.2,4013.6,
4036,4038.4,4060
SL-3920
Short below 3905
Targets are 3888.8,3876.5,3872.5,3838,3817.1
SL-3927.45
#Hamonics #ULTRACEMCO on Important Level - #Bullish Shark #Deep #ULTRACEMCO has formed #Harmonic #Bullish #Shark #Pattern at price around 3909 , coincidentally it is forming Deep Crab too (Already touched PRZ), One may decide to wait for inr 100 dip before deciding to enter into a trade...Decent up move expected , view negated below 3780 closing!
It has been falling continuously for past couple of weeks , hence it is going to be very interesting to notice if #Harmonics changes the fortune of this scrip .....
utracemcoThe share is oversold ........
and the numbers are impressive
buy august 4400 ce and hold ......
UltratechCem Buy Pending 4083/- Stoploss 3887/- Target 4280/-UltratechCem Buy Pending 4083/- Stop loss 3887/- Target 4280/-
ultracemco confusioncharts do not provide a clear picture here , would be interesting to see how it goes in coming days
Bearish Bat - Ultracemco - 2hr Bearish Bat - Ultracemco - 2hr
PRZ: 4665-4685
SL: 4710
TGT: 4610, 4575
16-07-2019
Intraday Idea on UltraTech Cement(11-July-2019)Explained in the Chart
Take the Trade on 5 Min chart.
Did you sell Ultratech?What and where you could have sold it?
In intraday time frame we had a bearish divergence as marked with an arrow. Once it fell from the top 4707 and made a bearish divergence we had chance to sell, but what would be the sl? That would be the high of today.
What would be safe entry ?
After 1 hour of bearish candle reversal, we could have sold near bounce at 4670 with Sl 4707, now is divergence in intraday tf reliable for such big fall? Yes, if you know price action.
Let us see how we predicted this move -->
Here we predicted for upmove -->
Here we predicted overall rough picture -->
Regards,
Sharma Yogesh
ULTRACEMCO (UltraTech Cement Ltd) BUY ABOVE 4665ULTRACEMCO (UltraTech Cement Ltd) BUY ABOVE 4665
ULTRACEMCO has shown a good accumulation at 4500 to 4600 levels, if it breaks 4665, then stocks will touch 4750-4800-4850 in a few days.
#ULTRACEMCO CASH : STRONG SUPPORT 4495-4500#ULTRACEMCO CASH
02 JULY 2019
STRONG SUPPORT AT 4495-4500
CMP 4544
Ultratech cement longLets have a look at the analysis :-
1> EW Analysis -->
Considering the completion of 5 wave impulse move from low 3332.45 on 28th Jan 2019 till top at 4904.95 on 27th May 2019, we are most probably in zigzag correction. Now, currently we might me in 'y' of 'B'.
2> Classical TA -->
a. formed bullish harami candlestick on daily tf.
b. made 'weak' bullish divergence on RSI on intraday tf, considering 30 min chart.
c. the right shoulder is yet to be formed, now why it is yet to be formed? The recent low has not touched the neckline of H&S pattern missing it with approximately 20 Pts; hence right shoulder will be formed at completion of 'y' of 'B'
3> Putting it all together -->
Intraday tf it has got support at 4535/40, below that it got support at 4422 range, this levels are the supports to look for. Talking about dips, its not necessary it will move towards support, there is same possibility that it move up. Your strategy can be used to go long at any dip if possible.
4>Conclusion -->
a. CMP -> 4550.7
b.Stoploss -> 4489
c.Targets -> 4575/4621/4641
Look on intraday tf for 'weak' bullish divergence -->
Previous idea -->
Regards,
Sharma Yogesh
