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ULTRATECH CEMENT LTD.ULTRATECH CEMENT LTD.ULTRATECH CEMENT LTD.

ULTRATECH CEMENT LTD.

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ULTRACEMCO trade ideas

Positional_ UltratechNamaste! 1. Ultratech looks good for a positional/swing trade. 2. Entry price and Stop Loss is marked on the chart. If the stock open gap up, then limit order at the entry price will be placed. 3. This trading idea is only valid till next 4 trading sessions. If entry doesn't execute till then, it will be cancelled. 4. Target can either be booked at 3 times reward, or can be trailed at a low break of high breaking green candle. And be ready for a gap down in Nifty on next trading session (as SPX closed in red more than 2% last day). Disclaimer: The views expressed in this article is of my own. You're solely responsible for any decision taken in the markets, resulting in financial gains or losses. The analysis I've shared is for informational and educational purposes only.
NSE:ULTRACEMCOLong
by UnknownUnicorn7637383
Q&A_ When to sell Ultratech?Namaste! I often wonder why do retail people and even institutions sell when the stock has been already fell. Why didn't they sell when the stock was rising? I follow a simple principal. Either sell it at a profit or don't sell. Anyways, In the weekly chart of the ultratech, you must have noticed the circles I've drawn. These circles represent the price as well as volume candles. Rising prices should mostly be supported by the rising volumes. But in this case, the volume is falling. This can be a fake-breakout. And the number 3 is very strong indication. This isn't the 1st time for Ultratech. The stock has proved the above statement two times previously. Opinion to investors: Well, investors should never sell any stock they own. This isn't limited to this stock, but to any stock. But, if you were planning to add more (buy more) shares, you can wait for a correction. Opinion to traders: Well, you can trail your stop loss to either Rs 6510 or Rs 6584. Again, both the prices has importance of their own, so don't get excited for the high SL price. The first price is based on the weekly candles and second is daily. Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Investment does not guarantee a fixed return due to volatile nature of markets and may result in a loss. Please do your analysis and/or consult your financial advisor before investing.
NSE:ULTRACEMCO
by UnknownUnicorn7637383
1
Bullish breakout on weekly chartA strong V-shaped pattern has formed, showing a quick recovery from recent market lows with a clear increase in positive momentum. What makes this setup special is the careful consolidation right at the breakout zone for a significant amount of time. This extended consolidation has led to a definite positive breakout. In simple terms, we're seeing a combination of technical factors: a powerful V pattern, a strong bounce back from the lows, and a careful consolidation before a breakout that's clearly positive. For experienced traders, it's a good idea to keep a close eye on this situation because it might indicate a coming positive trend. It's important to pay careful attention to key support and resistance levels to confirm and strengthen trading decisions based on the current market situation. Best of luck with your strategic and successful trading efforts!
NSE:ULTRACEMCOLong
by nsdtrading