ULTRACEMCOINVERSE HEAD & SHOULDERS PATTERN FORMATION
Buy @ cmp & in dips till 6650 | WCBSL 6500 | Tgt 7650 / 8050 / 8850+
Immediate Resistance - 1700
Strong Resistance Zone - 7150_7225. WCB above 7225 will start trending move
ULC14 trade ideas
Expecting an upmove in UltraTech Cement Ltd.The stock NSE:ULTRACEMCO is taking resistance at a tight range of 6970 - 7080 ( indicated in the white line and a thin violet rectangular bar). Which earlier acted as support seen in the graph.
Here I have taken a weekly time frame of the stock where a reverse head and shoulder pattern could be observed in the chart( indicated in a violet arc). Which is considered bullish momentum.
Looking for the stock to pass the 7100 level along with volume action
keeping an immediate target at 8000
stop loss below the 6800 level if the stock retraces after crossing the 7100 level.
*this analysis is for educational purpose and not any kind of stock recommendation
Ultratech - Inverted Head & ShoulderClear pattern formation, waiting for breakout in few days....
Follow Bull Master on YouTube to start from basics on how to identify entry in any chart.
MIDCAP may be on FireNSE:CNXMIDCAP NSE:ASHOKLEY NSE:ASAHIINDIA NSE:BAJAJHLDNG NSE:GRAVITA NSE:IEX NSE:PIIND NSE:POLYCAB
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer
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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.
Ultratech Cement ( both side trade possible )Price now at resistance, Its a good buy above 7075 level where it might break the following resistance trendline for a target price of around 7800 and a good sell below 5983 which is 500D moving average for a target price of around 5150. Always trade at your own risk and own knowledge.
Good Luck, Jai Hind 🇮🇳
Positional Pick ( Ultratech Cement)The Stock is forming Inverted Head & Shoulders type of Pattern.
Can go long after sustains above round level of 7000.
SL:-6675
Targets:- 7550, 7950, 8270(ATH)
Good potential set up in UltratechChart pattern and levels mentioned in chart.
Follow strict risk management
Inverse head and shoulder pattern Weekly time frame= inverse head and shoulder pattern, And trendline breakeout happen with good volume . we wait for proper H line breakout , it happens go for long
Head and shoulder pattern breakout in ULTRACEMCO.ULTRACEMCO
Key highlights: 💡⚡
📈 On 1D Time Frame Stock Showing Breakout of Head and shoulder Pattern .
📈 Strong Bullish Candlestick Form on this timeframe.
📈It can give movement upto Breakout target of 8710+.
📈 Can Go Long in this stock by placing stop loss below 6650-.
📈 Breakout this can give risk:reward upto 1:5+.
resistance breakout tradelong with stop of 6723
for targets 6752,6816, and more
resistance breakout trade
disclaimer - trade @ own risk
Ultratech CementThe Infra sector has been in the limelight and is seen outperforming broader markets. Nifty Infra index is at the cusp of breaking above last one year range. Within the Infra space we
expect the cement stocks to witness catch up activity, among the large cap cement stocks our preferred pick is Ultratech cement which we expect to outperform
The stock has generated a breakout above the falling supply line joining highs signalling resumption of the up move and offers fresh entry opportunity
The base of the recent consolidation is placed at the 50 days EMA currently placed at | 6385 highlighting positive price structure
We expect the stock to head towards | 7290 levels in the coming weeks being the 123.6% external retracement of the September 2022 decline (7029- 6005)
Among oscillators daily MACD has generated a buy signal and is moving above zero line thus validates positive bias
CMP 6728.25 BuyRange 6722-6730Target 6782/6844 Stop Loss 6664.00
ultracemcoultracemco stock formed inverted head and shoulder pattern [/i ]weekly time frame ,buy above 7000,200 ema
Ultra tech cementIt is a classic Head and Shoulder pattern. The length of the depth of the head will be the next target now.
Longs in ULTRACEMCO above 7150Head and shoulder in formation.
CMP- 6944
Longs can be initiated above 7150
Inverted Head & Shoulder in ULTRATECH CEMENTAn Inverted HnS pattern is formed in ULTRATECH a closing above 7100 will generate a buy & SL can be below the breakout candle.
ULTRACEMCOultratech cement is looking Strong Bullish
Logics- Invert Head & shoulder , trendline breck.
ULTRACEMCO Multiple signals !!NSE:ULTRACEMCO
#NSE:ULTRACEMCO formed Beautiful
Inverse #Headandshoulder (W) pattern
#Trendline BO
Trading @ major #Resistance.
TL & Resi BO may show good momentum with small pull back, rejection from This level may consolidate.
Levels mentioned on chart !!
Buy IdeaBuy Trigger above-6852
SL-6759
Target-7016,7330
This idea is just for the educational purpose
ULTRATECH CEMENT | INVERSE H&S>>Ultratech cement is forming inverse head and shoulder , wait for pattern to complete and breakout of the pattern .
>>Safe buy after breakout
follow for more such analysis
\\ this post is for educational purpose only \\
Short Ultratech1. Stock @strong bearish trend
2. Trading below the 21 EMA & 200&21 EMA cross over happened
3. Hour chart an Wedge pattern break-out given 7-oct-2022
Looking Bearish
Stop loss- 6400
1st Tgt-5900
2 nd Tgt-5700
3 rd Tgt- 5200
ultratech analysisinverted head shoulder pattern which is forming not completed and wave theory also supports that final move is pending in cement giant
downside risks are also present but upside is more likely can slip towards 5600 levels without disturbing the head and shoulder pattern but upside is inevitable
ULTRATECH CEMENT | LOOKS GOOD ABOVE 6285Buy if sustains above 6285 for the targets marked with white line on the chart until 6030 is intact on the downside.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
ULTRACEMCO BEAR FLAG B/DULTRACEMCO – Intermediate-term structure iN consolidation (possible Bullish H&S, Right shoulder in formation). Short-term structure is bearish, & a bear flag broke down. Though the flag measured move is about 5300, possible support around 5700-5650 can be initial profit book level. Downtrend on this daily scale will be confirmed below 6000, as Lower-Low after a Lower-High gets confirmed then.
Just personal analysis. No recommendation.
