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.
Trade ideas
USHAMARTUSHAMART:- Stock has given breakout that too with good volume you can see good volumes one reason is also good result for september quarter,
keep your eye good stock for short term.
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.
15 Years of MultiYear Consolidation & Breakout at USHAMART15 Years of #MultiYear #Consolidation & #Breakout at #USHAMART (Usha Martin Ltd.) Weekly Chart It #outperformed the #Nifty.
BSE: 517146
NSE : USHAMART
Note - Please do not buy here because it has already moved 20% in two days. Before purchasing, wait for a correction.
SL 1 - 131
SL 2 - 122
SL 3 - 104
Please keep up with the weekly closing basics' stoploss.
Symmetrical Triangle: A symmetrical triangle is composed of a diagonal falling upper trendline and a diagonally rising lower trendline. As the price moves toward the apex, it will inevitably breach the upper trendline for a breakout and uptrend on rising prices or breach the lower trendline forming a breakdown and downtrend with falling prices.
Traders should watch for a volume spike and at least two closes beyond the trendline to confirm the break is valid and not a head fake. Symmetrical triangles tend to be continuation break patterns, meaning that they tend to break in the direction of the initial move before the triangle formed. For example, if an uptrend precedes a symmetrical triangle, traders would expect the price to break to the upside.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
This wire rope supplier is fighting off the bears! NSE:USHAMART
While the entire market is in deep red, this stock has stayed resilient!
While the company has posted good profit growth of >20% on a 5 year basis, high percentage of promoter pledging is a red flag.
Nonetheless, company's business is robust with strong numbers posted quarter on quarter for the past two years in terms of sales growth, earnings growth, and net margins. This has had a positive impact on the overall solvency of the company with an interest coverage ratio of 12.
Technically, the company is near its all time high prices and showing great relative strength in a falling market
Price and volumes have been surging since last few sessions making it a good company to study further
Disclaimer: for research/education purposes only. not an investment advice/ recommendation.
Sources: company website, screener.in, tickertape.in
USHA MARTIN Good BONSE:USHAMART
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.
USHAMART-CONSOLIDATION ALERTStock is consolidating in symmetrical traingle with
multiple support and resistance already on chart.
So now the stock can give breakout or breakdown.
but it is slightly inclined upward so chances of breakdown is
higher. Trade only on breakdown or breakout with good volume
USHAMART - Bullish Momentum with VolumesNSE: USHAMART is closing with a strong bullish candle supported with high volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days and moving along the trendline which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
(short term) Symmetrical triangle pattern reversal in USHAMART.From last few day's USHAMART stock is trading in symmetrical triangle pattern and that stock has given reversal from support level in today's trading session. Hence reversal entry can take above support level and keep its reversal target at 145+ (upto resistance level) and Breakout entry above 145+ (after breakout) it can go upto long target 217+ level in 1W timeframe.
ushamartinDate: 28/8/22
Stock: USHAMARTIN
A nice Cup & Handle formation in progress with drying up volumes in weekly chart.
Chances of moving higher towards 220-225 in coming weeks is high.
Long suggested above 144.
Targets mention on chart
Volume dryness in down move
Above my key MA
#swingtrade #swingtrader #swingtrades #swingtraders #swingtrading #swing
Trendline Breakout in USHAMARTDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
- SL can also be maintained as 1% or closing below the low of breakout candle
Levels mentioned on the chart are calculated using Breakout Indicator
Now why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in USHAMART
Buy Today, Sell Tomorrow: USHAMART






















