USHAMART trade ideas
Multiyear breakout possibile : Usha MartinStock consolidating nearing Jan 2008 highs, the stock has rallied form 30-40 levels to 150 on high volumes. currently the volumes have dried as the upmove has paused after giving a good rally, Natural reaction of the stock after upmove. Once the stock breaks out of the 14 year old high, can give bumper move. Any dips upto 115-120 levels can be used to accumulate the stock.
General observation: Stocks after giving multiyear breakout usually rally upto 50-100% in next few months.
Check attached list for more examples
Consolidation breakout in Usha MartinNSE:USHAMART
Currently breaking out from a consolidation within a bigger consolidation (See chart)
Goood volumes today and if a breakout is confirmed by EOD, I think it will go on to breakout from the larger consolidation as well.
Targets for the smaller consolidation amount to 35 points, whereas the targets for the bigger consolidation amount to 55 points, from the point of breakout respectively.
Trading above all imp averages as well indicates good strength of the major bullish trend too
For ideal R:R, a pullback will be the best point of entry!
Keep track.
Usha Martin - In a Resistance BandManufactures of speciality steel products . Pledge percentage is very high and promoters are increasing in QoQ. Stock is in a resistance band. Stock is nearer to 52 week high. RSI indicating price getting more stronger .But declining profit margin and pledge % of promorters are a threat to its subsequent move.
USHAMART on Breakout; above 212 on Friday 10 Mar for IntradayPlease check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours:
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1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to 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 may 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 may book profits at this stage
Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"
The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
USHAMART - Ichimoku Bullish Breakout Stock Name - Usha Martin Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 212
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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USHA MARTIN -- Northside momentumUSHAMARTIN moved from 150 levels to 180-190 levels after a long consolidation.
Its above all averages and currently trading above the previous month's high.
If momentum sustains - we can see further upside in this. Add to the watch list.
Can keep this in the radar --& exit once the Previous week's Low is crossed downside.
USHAMART - Triangle pattern breakout - 40% upside potentialUSHAMART has given triangle pattern breakout at 140 levels.
Target: Around 195-200 levels.
SL: Daily candle close below 138-135 zone
Target timeframe: 1-2 months.
Note: It is a volatile and illiquid stock, so can expect some volatile movements either side, one should be patient and cautious with the price movement on either ways.
Strict SL / trailing SL recommended.