Ultramarine & Pigments Ltd- Retracement after range breakoutTake an entry after the recent trend breakout.
Range breakout target- 500
Keep in watchlist.
*Note- For educational purposes.
ULTRAMAR trade ideas
ULTRAMAR | LongTrendline Resistance Breakout on Hourly Basis with Huge Volume.
Other Indicators give positive bias as well.
Risk Factors : Promoters have been selling since last week.
Buy : 405/407
Target : 450
SL: close below 358
Risk reward = 1:1
Ultramarine & PigmentsTriangle Breakout and retest
Long Consolidation Breakout
Simple price action analysis - Simple Investing.
VCP Pattern emerging in monopoly stockULTRAMARINE AND PIGMENTS LTD
Technical and fundamentals are good
✨ Volatility contraction pattern in daily
✨ volume contraction in weekly
Target: 770
Current rate: 333.33
Ultra MarineTook clear support with strong candle. LOOOOONG. Expecting target of 18% from here. With strict SL. risk appetite is yours. Thank you
ULTRAMAR BO, Cup & Handle, TL, Inverted Head & Shou, Resistance.BSE:ULTRAMAR
#BSE:ULTRAMAR given multiple confirmations with high Volumes....
#Trendline BO
#Resistance BO
#CupandHandle
#Headandshoulder inverted.
T: 418, 475+
SL: Resistance/TL.
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No point in sharing the charts if not useful to u.
Ultramarine & Pigments - 3.5yr Breakout Retest
BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
ULTRAMARULTRAMAR: Looking Good
Cup & Handle Pattern Breakout Sustaining/Closing Above 450
Buy CMP/Above 460.05 Add Every Dip Stop-Loss Closing Below 390 (Safe) 320 (Risky)
Target 530-610-700-800+++
Positional Call
ULTRAMAR: bullish trend and breakoutThis stock is giving multiyear breakout with strong volume support.
Ultramarine & Pigments Respecting levelsUltramarine and Pigments respecting Fibonacci levels perfectly after breaking out of a Double Bottom and then a Cup & Handle formation. The share is also seeing a rise in volumes as it rises up crossing important Fibonacci levels. The other levels it can achieve are there in Fib series
Ultra Marine Long Name #UltraMarine
CMP - 332.8
Target - 430/560/600
SL - 312 Weekly Basis Close
Time Frame - 6 - 9 Months
Yellow zone is marked as the demand zone
Time for reversalSupport at 20MA (weekly) + RSI support
For educational purpose. Will add more if showing sign for reversal
ULTRAMAR, in supply zonecomfortably trading in supply zone
if continues to trade in this zone then can blast upto 500+
SL far at below 350
Breaking resistance can give good returns
Stock near all time high
Need clean breakout on monthly above resistance level
Can give good returns on breakout
U shaped recoveryThe stock has already breached its 52 weeks high of 435 but closed below
Overall volume is rising, showing buyers interest
Can be bought above 442 for a possible pivot target of 520
Note: Educational purpose
ULTRAMARINE CHARTS FOR SHORT TERM 2-3 MONTHSBOUGHT TODAY ON 08/02/2021 AT rS.360..
THE STOCK GAVE MULTI YEAR BREAKOUT ABOVE 350-351 AFTER 2018..
SMALL STOP LOSS OF RS.326..
BIGGER FRAME STOP LOSS 300..
SHORT TERM CAN DO 435-440
LONG TERM CAN CROSS 500 EASILY.. LETS SEE..
not looking bad for 365 n then 399. keep on radar!NOT SEBI registered. Charts produced here are for personal reference only and not any recommendation.
BSE: ULTRAMAR pole flag breakoutULTRAMAR has given pole flag breakout on weekly chart and retested it then two continuous bullish candles on weekly basis.
on Daily scale it is forming rounding bottom with a high around 290 levels.
280 levels look like resistance on weekly scale of closing basis.
if it sustains above 280-300 level it can go upto 380 followed by 430 levels.
