USHAMART BREAKOUT AND RETEST ON WEEKLY CHARTBUY ABOVE 57 WITH A SHORT TERM TARGET OF 70
STOPLOSS (BELOW THE BREAKOUT POINT)
USHAMART trade ideas
Watchout for Resistance breakoutThe stock looks good above 57.2 level (closing basis) for 8-10 percent upmove pocitionally
USHAMART heading toward major resistance zoneInverse Head and Shoulder pattern, major reistance zone, Neckline,All time high, trend is strong
#USHAMART CMP 36.55 Target 85++ Double in months $INVEST $TRADE #USHAMART
CMP 36.55
Target 55+ // 85+
Invest & hold
If you like my work, KINDLY LIKE, SHARE, & FOLLOW THIS PAGE for latest stock recommendations for free.
NSE: USHAMART
INVERTED HEAD & SHOULDER PATTERN tested & then breaksout!
Super Bullish on this stock.
From Rachit Sethia with 💚
USHAMART LONGHNS pattern forming . Stock is giving a chance for buying at lower prices. (Retesting Neckline).
Target -90+
Sl- 35
Great RR ratio.
Question on USHA MartinWas not able to find any resistance till saw a monthly chart.
Any ways..
56 is a important resistance, Next around 64-67 zone
Support: 44-46 good level to enter fresh.
Head and shoulder multi year breakoutSteel sector is doing great. This is benefitting all steel companies
Usha Martin - 3 week Triangle/VCP BO post 9yr BreakoutMoving along with sector.
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 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
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.
For educational purposes only.
USHAMART - MULTI YEAR BREAKOUT Ushamart is given multi year breakout. This is the weekly chart of the Usha martin and has broken the trendline resistance even the horizontal resistance. Buy it now or on dips till it comes to support. The levels mentioned on the chart are Fibonacci levels and are working very well. You can buy now and hold for short term in the near future.
USHAMART | Triple bottom | Breakout | Long termThe stock reflects the classic triple bottom pattern which I initially began tracing as cup and handles only to notice later that these multiple back to back cups are actually a triple bottom pattern.
Classic price target {The breakout level + height } has been successfully achieved.
The strong back to back bullish candles with huge volumes and a aggressive MACD supports the long term trend which also confirmed by the 2.5 year resistance level breakout.
Usha Martin Round bottom pattern on Usha martin wekly chart . Medium to long term looks good for double from here as well
#UshaMartinDisclaimer: I am not a SEBI registered or authorized analyst. The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation. I will not be responsible for your any losses & profit. No any kind of legal actions will be entertained for the same.
FY21-22 Swing Trade Idea #12 : Long on USHAMART This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
