LOOK FOR SELLSame pattern, Same analysis. Price brokle the trendline now wait for pullback to enter in the market
ULTRACEMCO trade ideas
#ULTRACEMCO CASH : STRONG SUPPORT AT 3835-40#ULTRACEMCO CASH
21 JAN 2019
STRONG SUPPORT 3835-40
CMP 3849.50
UltraCemco now bullishUltraCemco now bullish because of break of resistance line.
Buy CMP: 4085 ; SL: 4000 ; TP: 44200; R:R - 3.1
UltratechLeader of the India cement pack. Ultratech cement at 200EMA. Every other big cement company faced resistance at the 200EMA and couldn't cross it.
Could this be sectorial weakness?
If Ultratech falls below it'd be worth shorting stocks from this sector.
ps: ACC, Ambuja, Shree, Dalmia Bharat all couldn't cross 200EMA.
UltraTech Cement - ConsolidatingSell below 3910 with the stop loss of 3960. Targets are 3860. 3810, 3760 and 3700
LOOKS GOOD TO SELLWe can see a momentum shift signal from top, first learn how to trade price action and then you can also trade withount any indicator.
ULTRACEMCO weekly chart studyULTRACEMCO is now at an interesting phase. Currently week candle is below 200 Week SMA. We are seeing this after almost 9 years
We need to see if ULTRACEMCO is going to bounce back above its 200 Wk SMA or fall towards 2450-1900 levels.
ULTRACEMCO bulls might get some relief if it closes at least above 3430 (if not above 200 Wk SMA at 3560) by Friday market close.
ULTRACEMCO | HEAD AND SHOULDER | SHORTEDUCATION PURPOSE ONLY
STOCK NAME - ULTRACEMCO
PATTERN - HEAD AND SHOULDER
ENTRY - 3463.25
TARGET - 2548.25
STOP LOSS - 3528.63
RR RATIO - 1:14
www.kiranjadhav.com
Ultratech LONGultratech cement made narrow range 4 as well as narrow range 7 with insider candle on daily chart as well.Also we can see that there is flag pattern on daily chart so Above 3800 it can zoom to 4100 level with stop of 3700..
