ULTRACEMCO ANALYSIS RESULT ultratech cement forming daily candle in my previous analysis and now bearish movement start now create bearish traingle here
ULCL1 trade ideas
you will follow me after this trade this is going to good move expected
because of my reasoning studies
it sounds secret weapon
but keep it in your mind
Pole and Flag in ULTRACEMCOULTRACEMCO has made a beautiful Pole and Flag Pattern on a Daily chart. In addition, it has bounced off perfectly from Fib. 50% levels with good volumes.
Good swing candidate for a target of above 8000 with a nice risk to reward ratio. May enter after the break of Flag
ultratech Cement - Swing tradeUltratech cement took good support with Double/Triple bottom pattern in 2 hr TF. Looks good for swing traders. SL below the support area. 4% SL.
Ultracemco Sell below 7299Conditions
Nifty should be negative
Price must be sustained at given level.
Educational Purpose only
RoundingTop#Ultratech has formed rounding top candle stick pattern on daily scale. Breaking the neckline of 7285 it can go down till 6685 which is copy book target for the stock.
Neutral to Short
Cement prices: Our channel check suggests, average cement price at an all India level is flat MoM in Aug-2021.
Coal cost: In Aug-21, imported coal price (adj. for currency) is up 9% MoM.
Cement demand: Cement production in India for the month of June-21 has increased by 4.3% YoY.
Volume for industry has been weak due to monsoon but it’s inching up steadily.
Freight cost index is up 2% MoM in July-21
Clear cup and handleUltracemo has given a cup and handles pattern today. can expect a rise in price in the coming days. Set it up in your watchlist
ULTRATECH TARGET 8000SWING TRADE
Stock is respecting its support and resistance level.
Stock can be seen in a bullish move.
We can see that stock gave a retracement till 0.236 fibo level and a good bounce can be seen from there.
We can expect 8000 as a easy target by looking at the stock move.
Do your own analysis before entering and you have any idea please tell me in the comments
#ULTRACEMCO 7366 SupportNote: Only take a trade using any price action patterns on closing basis, use 15 mins chat and please don't trade in options with my levels.
ULTRACEMCO : good breakout buy !!!ULTRATECH CEMENT : CMP 6933
Technical buy based on :
1. Multiple time frame resistance breakout .
2. triangle breakout .
3. cup & handle breakout .
4. high volume near breakout price zone .
Trade set up :
1. buy above 6695 .
2. keep stop loss as 6678
on closing basis .
3. targets : 7566/8038+ .
Ultratech - Need to sustainUltratech Swing view
Need to sustain 7720 level for further upmove
else may fall till lower trendline
Go Long!Cement is new sugar and will continue the rally. Wait for some profit booking for a proper entry. Looking very good for next 4-8 months. Don't miss out!
