Buy at 7620 SL 7565 TGT 7700Suggestions are based on my analysis only. Please do your analysis before taking any trade.
ULCL1 trade ideas
[ INTRADAY ] ULTRACEMCO NEUTRAL BET
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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intraday buy ultratechbuy ultratech in intraday buy above 7300 and keep stoploss of 7150 and target of 7500 . stock is bounce backed from its support level so buy it
[ INTRADAY ] ULTRACEMCO LONG BET
risk: Reward ratio is 1: 2
Rest as per Charts
********
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
=======
I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
=======
Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
********
Swing SetupEXPLANATION : This is a Daily time frame chart of ULTRACEMCO . The stock has been in a downtrend for days and has formed kind of a head and shoulder pattern . If give a strong breakdown and broke its demand zone with volumes and has retested the same. I am bearish on this stock for the coming days . If taken support from demand zone we buy at the bottom and sell at the top , I am bullish on this stock for the coming days . Enter as per your setup and sit tight to achieve the maximum target.
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ULTRACEMCO, Short opportunity due to support breakdown Details mentioned on chart.
Thanks
Piyush Gupta
Learn & Earn
Ultratech Cement - Bullish ViewChart 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.
UltracemcoThe stock has given reversal candle in latest week. Long can be initiated once it is crossing last week high.
Trendline breakout , go long after a retest . (Swing Trade) After a trendline break , it is currently taking support on 200 EMA (15 min time frame) . It is a good swing trade set targets according to your convenience , and place logical stop-loss . If it breaks its recent high i.e 7450 with a strong bullish candle , it can also give good intraday targets.
Buy Ultratech cement ULTRATECH CEMENT break the pattern of LOWER HIGH LOWER LOW
Buy the in delivery if it break the level 7450
trgt 7700
stoploss 7290 on closing basis
Swing Trend 1WShort Term Cash :it clearly seen Bouncing from strong support
Buy ULTRACEMCO Current Level.
SL 7244
TGT 7610
Buy_Ultratech
This has consolidated for quite a long time at current market price.
It has taken support from its 100 days EMA.
MACD is about to give positive crossover.
RSI is in oversold zone.
ADX will also give a confirmation soon for the upward rally.
Ultracemco, Bullish viewCement sector has gone under time wise and price wise correction form the past 10 days.
Also the recent launch of Gati mission by Hon’ble PM, expands the horizon of infrastructure development in India which would aid -
1. Efficient Logistical support
2. Enable better mobility and connectivity
3. Promote local trades
4. Real Estate development as whole.
These factors combined can boost the cement sector significantly. Ultratech Cement being the leader will stretch out first in race. The current 1.2 mtpa addition in capacity by Ultractech will also enable it to capture larger marker and fulfil the quality demand in the sector.
CMP: 7350
Positional trade through Cash or F&O means,
Target: 7600; 7800; 8000+ (Always trail the profits)
SL 7190/-
ULTRACEMCO 1H TFULTRATECH CEMENT is consolidated from 3 days at the lower zzone of the channel and has reversed from this point. Most likely it is going to give a good move upwards soon within 2-3. Watch out for this stock for coming days.
CMP :- 7628
SL :- 7480 (Keeping just below 7500 as it is good psychological level)
Target :- 8130+
ultratech cementproper support level .
good for swing.
timeframe : 1 Hr , 1 Day .
tmr monday : 11-10-2021 if u see a good bullish candel then go long for sure.
Swing SetupEXPLANATION : This is a 4 hour time frame chart of ULTRACEMCO . It has been in downtrend for days the stock on a very crucial level , If ULTRACEMCO taking support from Demand zone & broke its trendline resistance , I am seeing very good buying opportunity in ULTRACEMCO . If stock give a strong breakdown and broke its demand zone with high volumes and retest the same , I am bearish on ULTRACEMCO . Trade with confirmations .
If you like this analysis give a Like // Follow for more updates , let me know in comments below :)
UltratechUltratech looking good to me for swingtrade targets are on the chart
Reason for selection:
1.Price Action Pattern Formation
2.Hidden Bullish Divergence in RSI
