USHAMART reversing from supportUSHAMART reversing from support line.
after a fall it took support from support line and consolidated and good green close with volume in last session
USHAMART trade ideas
Usha Martin Testing Crucial Trend Support Amid Market Volatility✅Usha Martin has been trading within an ascending channel, with the stock consistently bouncing off both the upper and lower bounds of this channel. The recent correction has brought the stock back to the lower trendline support, which has historically provided a strong bounce.
✅The stock is also testing the lower Bollinger Band, which coincides with the trendline support. The confluence of these two technical indicators makes this level crucial for the stock's next move. Historically, Usha Martin has shown a tendency to reverse from this support zone, and a similar reaction can be anticipated.
✅The recent drop in price has been accompanied by a slight increase in selling volume. While this may indicate short-term selling pressure, it also reflects the market's uncertainty. Investors should watch for a reversal in volume patterns as an early indication of a potential bounce.
✅RSI is currently at 28.38, indicating that the stock is in oversold territory. An RSI below 30 often signals a potential reversal, especially if it aligns with other key support levels like the lower trendline and Bollinger Band.
USHAMARTBased on price moving and Ema
positions Up move possibility is higher
This is only for educational purposes.
Usha Martin - Will the VCP hold?It's been a while, Hi everyone
Usha Martin, another solid growth story in Indian steel industry context.
Seems to have given a clean breakout on multiple week base, remains to see if it can hold up above breakout level.
If it manages to stay up, there can be potential upside given the lackluster performance of the stock in the recent weeks, and just general market froth.
Cheers! Not a buy/sell reco - just for tracking
USHAMART: Breakout and Pullback completeFor Education purposes only.
Give a boost/like if you like the idea. Also, mention your view below in the comment.
First target at 424 which is a recent high.
The second target is near 450.
Usha Martin - Ready for a 30% UpsideUsha Martin looks great structurally as it breaks out after a good time of consolidation. The volumes look promising. The weekly and monthly chart also looks ready to move. The best part is that the Metal sector is poised to see some upside compared to other areas that are extended.
Please trade responsibly and use your discretion.
I am not SEBI registered and recommend doing your Due Diligence.
All the best!
usha mart ready to flyusha mart now in retest zone...its ready for flying...correct time to buy this stocks
USHA MARTIN - Swing Trade Analysis - 1st May #stocksUSHA MARTIN (1W TF) - Swing Trade Analysis given on 1st May, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Weekly Resistance Breakout - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
Ready to takeoffAccumulation completed & Ease of moment EOM from suuport signifies supply exhaustion and Demand in control.
Expect to Brake out and retest then stage 2 rally .
USHAMART bullish; above 374 ? - Monday 29-Apr.The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday.
"High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
USHAMARTIN LongDate : 21-04-2024
Buy USHAMARTIN above 375
Target of 418-506-615
SL 287
Strategy : SBO + RSI > 60 + EMA above 20 & 50
Duration few Weeks
Please consult your financial advisor before investing
All research for educational purposes only.
Stock is ready to cross past barriers with good volumes
Breakout from rectangle patternStock has consolidated in rectangular range since nine months and now showing strength by closing above said pattern. Can initiate long at this levels by keeping risk levels @ 360
USHAMARTUSHAMART :- Box pattern is made, keep an eye on stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
BREAKOUT IN USHA MARTIN📌SWING TRADE FOR NEXT WEEK🚀
Hello Traders⚡
I am a Swing Trader by Passion i only trade on Momentum Stock's.
📌I Post Daily SWING CHARTS Analysis on My Trading view profile..
So let's Start
📌TRADE ANALYSIS OF USHA MARTIN
• Potential Breakout Chart
• VCP Pattern
• Short Range Consolidation
• Price Can Take Retest from support Line
• Overall The Price Is Moving In HH-HL Formation
• Volume Buildup Near BO Zone
• Looks Good For 10-20% Upside Levels After The Breakout
📌 If you have any questions about any stock you can comment on post 📱
📌Disclaimer:-
This all chatrs analysis are only for educational purposes only
I do not provide any CALL or Tips
Make or Break usha martin on support level, make or break level, if break then we see good downfall
keep watch
Usha martin analyasis on 28 Feb 2024Usha martin analyasis
stoploss 265
buying range 300 to 320
target 350 -380 (380 ATH) All time high
target based on fibonacci level
420 - 450 -480 -500 -550
Usha Martin's Bullish Breakout WIth High VolumeCompany Overview:
Usha Martin is a leading manufacturer of specialty steel and wire ropes, serving various industries including infrastructure, oil & gas, and mining. With a strong market presence and a history of quality products, the company is poised for growth in the coming years.
Technical Analysis:
- Resistance Breakout with High Volume: Usha Martin's stock recently broke out of a key resistance level with a significant increase in trading volume. This breakout suggests a potential uptrend in the stock price.
- RSI Breakout with Bullish Divergence: The Relative Strength Index (RSI) has broken out of a previous range, showing a bullish divergence. This indicates increasing buying momentum, supporting the bullish outlook for the stock.
UshaMart : Might BreakoutUshaMart:
At strong resistance, might breakout
Long only above 380 with support at 370
USHAMART bullish; above 375 ? - Wednesday 31 Jan.The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday.
"High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
USHAMARTIN Swing TradeMultiyear breakout stock. Ready for new All Time High after small retracement. High probability excellent Risk to Reward trade.
Ushamart: Riding the BullsUshamart has garnered attention in the market for showcasing a notably bullish structure, accentuated by robust trading volumes. The combination of a positive chart setup and strong trading activity suggests an optimistic outlook for the stock.
Investors and traders alike are drawn to the favorable technical patterns exhibited by Ushamart's chart. The bullish structure implies a potential upward trajectory, with key indicators pointing towards a positive sentiment among market participants.
What further underscores the bullish sentiment is the substantial trading volumes accompanying Ushamart's recent moves. Elevated volumes often serve as a validation of price movements, signaling active participation and conviction among investors in the stock.
As market dynamics evolve, it becomes imperative for investors to conduct thorough research, considering both technical indicators and fundamental aspects of Ushamart. Understanding the factors contributing to the bullish structure and the associated trading volumes provides a comprehensive view of the stock's potential.
While embracing the optimism, prudent risk management remains essential. Monitoring market conditions, staying informed about industry trends, and aligning positions with individual risk tolerance are crucial steps for those considering opportunities presented by Ushamart's current bullish structure. Seeking guidance from financial professionals or advisors can offer valuable insights tailored to individual investment goals and risk profiles in light of the promising chart patterns and volumes observed in Ushamart.
