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 trade ideas
#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
Bullish Shark/Alt Shark - UltraCemCo - 4hrBullish Shark/Alt Shark - UltraCemCo - 4hr
PRZ: 4450-4465/4388-4400
SL: 4420/4375
TGT: 4500, 4530/4460, 4500
02-07-2019
ultratech : Inverse H&SBuy only if Neckline is broken on 15 minute closing above 4650 SL 4610 TGT 4780-4850-4900
ULTRACEMO Just a probability, trading can be done with proper risk management and counting internal waves, or your strategy. Till then this can move anywhere.
Regards
ULTRACEMCO | Trade NiveshULTRACEMCO | Trade Nivesh
Trade Plans: Buy Above 4651 with the Stop Loss of 4594.5
#ULTRACEMCO CASH : LOOKS GOOD RESISTANCE AT 4650-4660#ULTRACEMCO CASH
24 JUNE 2019
STRONG RESISTANCE AT 4650-4660
CMP 4575
Bearish breakout in UltraTech CementsUltratech cement breaks below a consolidation pattern with a widespread price bar closing near the low price. Notice the break in the rising trend line which also adds to the bearish scenario.
Short at CMP : 4502
Target : 4350
StopLoss : 4574
ULTRATECH CEMENT 15MIN INTRADAY LEVELSTHIS IS SIMPLE CHART
THE INFORMATION IN MY IDEAS IS PROVIDE FOR EDUCATIONAL OR INFORMATION PERPOSES ONLY.
THIS IS NOT FINANCIAL ADVICE.
ENJOY SOME PROFITS
MAKE SURE TO HIT THE LIKE/SUPPORT FOR MORE
THANKS A LOT
WISE YOU SUCCESS
#ULTRACEMCO CASH : STRONG SUPPORT AT 4530-4535#ULTRACEMCO CASH
06 JUNE 2019
STRONG SUPPORT AT 4530-35
ULTRATECH - H&S"SHORT" IS THE BEST STRATEGY, IRRESPECTIVE OF BLUE OR RED NECK LINE.
YOUR COMMENTS PLEASE.
Ultra tech Cement Shorting level 4470 - 4500 Target - 4400- 4Ultra tech Cement Shorting level 4470 - 4500
Target - 4400- 4350- 4300- 4200- 4150+
CMP 4420 all cash levels (Only for Education purpose)
#ULTRACEMCOBoxBO
CCI (W) crosses 100
TGC
Volume Surge
Target 5255
Duration: 3 months
Enter on retracements
ULTRACEMCO inside bar trade Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
SELL ULTRACEMCO BTWN 4600-4700 STOPLOSS 5300 TARGET 4300-3500#ULTRACEMCO TRADING IN CHANNLE RANGE RSI LOOKING OVERBOUGHT BEARISH DIVERGANCE.
@Disclimer:- Make Own Research Before Take Action in Recos This Post only For Education Purpose Only
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