Research Report(TA+PA) & Trade Plan: Usha MartinUsha Martin 13 Feb 2022 CMP 90.60
- Inv Head & Shoulder pattern with large base
- BO of large base(consolidation/accumulation) on 26 Apr 2021
- minor RT of the neckline in Jun 2021 & upward move continued
- price is again consolidating at previous long term swing high which is acting as resistance
- micro double top 08 Nov 2021& 10 Jan 2022 with micro triple bottom 15,29 Nov 21 & 24 Jan 22 in price range 80-102
Conclusion:- immediate BO in either direction can give quick 20-25% with high probability of BO to higher targets, levels and targets are mentioned on the chart
Inv Head & Shoulder setups: Swing Trade
Continuation Head & Shoulder: Swing Trade
Some Long Term Bets with quick Targets
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind
Trade ideas
Target 1 achieved in Usha Martin. Gain of 18% Target 2 is ON.This is follow-up on Usha Martin. Can check link to related ideas.
Target 1 achieved. Gain of more than 18%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Target 2 achieved in Usha Martin. Gain of 42% Target 3 is ON.This is follow-up on Usha Martin. Can check link to related ideas.
Target 2 achieved. Gain of more than 42%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Usha Martin Ichimoku Bullish Breakout Stock Name - Usha Martin. As per the ichimoiku rule, today's close is above the Conversion Line and future kumo
is super bullish and chikou span is slanting upwards. All these parameters are showing bullishness.
More strength will be visible once it will sustain above 161. Worth to keep in watch list for coming days.
#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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# Ichimoku Cloud
# Ichimoku Followers
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superb Setup in usha martin with multi year bo and flag pattern Last time I analyzed this stock but due to bad numbers stock plummeted to 90 levels. The volume in this counter is back and no near time even trigger to out match the technicals.
Multi year bo above 102.65 on friday closing basis and also flag patter on monthly charts (Possibility of success okayish) . SL of 95 should suffice
Breakout in Usha Martin...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
USHAMARTIN - Multi-year Breakout - Huge potentialThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Breakout in USHA MARTINCHART -> USHA MARTIN DAILY SETUP
As per chart after a good up trend in Usha Martin, a good consolidation has been goin on. Today it gave a range breakout not far from 200 DMA and with good volume. Keep this in radar.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
#USHAMART USHAMART #RELIANCE #NIFTY #BANKNIFTY #IT #IOT #STEEL #USHAMART
Usha Martin Ltd.
NSE:USHAMART
NSE:USHAMART
CMP: 97.75
Short term quick target 107+
Long term higher expected.
SL: 89
Duration < 1 month
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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Multi year breakout in Usha martinMost of the stuff explained in the charts itself. Volume in the stocks has risen and is at multi year highs if you compare to last few years. Quick movement makes it high risk .
Disclaimer : This is only for educational purpose through technical analysis. One must do his/her own due diligence before taking any position in this stock






















