Head and shoulder pattern in Ultratech CementHead and shoulder pattern in Ultratech Cement.........................
ULTRACEMCO trade ideas
Breakout of inverted head and shoulder in Ultracemco.Ultra tech cement giving a break out of head and shoulder pattern on the higher time frame.
The stock on the weekly time frame has given a breakout of the inverted head and shoulder pattern with good volumes.
On daily time frame, the stock is halting on the higher levels. The stock as also formed an inside candle on the daily time frame.
3 point confirmation.
1. Inverted Head and shoulder pattern break out on weekly time frame.
2. Inside candle on daily time frame.
3. High volumes on the break out.
The stock can be bought for a long term as the targets will be also carried on the weekly time.
For intraday targets smaller time frames can be preferred.
Stock options for next month expiry can be carried for swing/positional trades as the stock start trading above 7300 levels.
Targets :- 7522, 7728
Stop loss :- 7100
Wait for the price action near the levels before entering the markets.
15 day postional call on : Ultratech Cementmore 300 to 500 rupees upside is possible. currently stock is bullish but you can exit your position as per your comfort. You can also buy fut also so you can gain more than share in less margin
Weekend pick: UltratechChart -> Ultratech Cement Weekly
An inverse head and shoulder breakout in Ultratech Cement.
CMP: 7237
Targets: 8080 and 8950
Good range: Around 6760
SL: 6130 weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Ultratech CementUltratech gives a breakout by creating an inverted head and shoulder pattern can be a good buy for further levels
Ultratech-Triangle BreakoutUltratech has given a triangle breakout on weekly time frame. 8200-8500 levels possible. Once these are crossed then can touch 9800-10k levels. RS has turned +ve today in daily time frame.
Not a trade advice but analysis of the price action.
ULTRACEMCO may go downward to 7100 - 7000As per Harmonic PRZ pattern, there may be profit booking at this level of potential reversal zone. May go downward to 7100 to 7000 in short period of time
Ultra Tech Cement : +35% Upside Potential30 Nov 2022 UltraTech Cement
Stock BO today with volume after 1 month of sideways movement
In Play : HH-HL
Summary
- Stock faked BO on 21 Nov to the lower side
- BO with Volume
- TL BO : Confirmed
- Above POC
- Text Book Head & Shoulder Pattern
Conclusion
- CMP 7077
- Long Positions can be initiated
- 7280 level can act as strong resistance
- Higher targets could be around
• Short Term – 7280/7500
• Long Term – 8193/8911/9332
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
ultratech is ready to....ultratech has breaked its concrete like tough resistance with its power . get ready to become no 1 with india no 1 cement . ride with sl - 7200
target- 7355/7600/8000+
Ultratech good to watchNSE:ULTRACEMCO
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on basis of our research.
Long Ultratech cementUltratech cement form cup & Handle in daily time frame
RSI Above 60 - Bullish Signal
MACD is ready for bullish crossover
Long Build up in future contract
Ultratech Big Rewards aheadInverted head and shoulders pattern in weekly frame.
Cements stock is buzzing and cement rate hikes in the way so this would be nice swing trade
Ultratech Cement Bullish Breakout As we can see Ultratech Cement , confirmed Bullish Breakout on daily timeframe. all indicators turned positive . For me this is the best time for selling this scrip in future market
ultracement longterm buyultratech cement
buy 7000
stoploss 6800
target 7800
ultratech cement multi pattern breakout
ULTRACEMCO - Inverted HnS breakout - 25% upside potentialULTRACEMCO has given a trendline break out along with head and shoulder pattern breakout at 7000 levels.
Target is coming to 8700-8750 levels.
SL: Daily close below 6900
Target timeframe: 2-4 months
ULTRATECH CEMENT Inverted H&S breakout with fall in volumes
Don't miss this trade
target 7200
sl 6850 NSE:ULTRACEMCO
#ultratechcement📌Looking good to enter once sustain above 7010
📌Support at 6650
📌Target 7400-7600-8000
Ultratech Double Top Formation On 4H Time Frame Stock Showing Reversal Of Double Top Pattern. We will wait for proper breakdown. Thanks for your support :-)
Disclaimer : I am not SEBI registered analyst. Do your own analysis before taking trade. I am not responsible for your profit or loss.
ULTRATECH CEMENTNSE:ULTRACEMCO near to the Inverse Head & Shoulders Breakout.
Above 7000 Can give a good Bullish momentum.
Ultratech 1hr time frame symmetrical triangle Ultratech 1hr time frame symmetrical triangle with powerful breakout but retest is also important if retest is successfully and it's make bearish sign then we will entered a trade but retest not succesfull then we avoid this trade
Take a short entry
Entry : 6910
Target 1 : 6782
Target 2 : 6667
Stop loss : 7003
ULTRATECH Breakout Ultratech near a breakout on marked level. A good closing above the line in Daily candle (strong) will trigger decent up move.
