ULCL1 trade ideas
Triangle pattern breakout Triangle pattern is broken and can be bought for a short term target of 6900.
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UltraTech forming a corrective channel. Breakout Soon!NSE:ULTRACEMCO is trapped in a corrective pattern and will test Rs5300 levels.
The price reversal box is in the chart,
This can result in rejection from resistance and then a breakout from the channel.
Ultratech cement for 26th AprilAt important support zone. Buy on bullish patterns (Bull flag and pole/falling wedge, etc.)
Ultratech Cement is on its Important Support.If Ultratech Cement give Breakdown of 6000/- Support,we can see the Levels of 5600/- Easily.
OR
If it Bounce Back from 6000/- Support, we can see the Levels of 6500/- Easily.
SL your Risk.
ULTRATECH CEMENTULTRATECH CEMENT is trading at an all-time high and failure to break 6973 Strong RESISTANCE level 3 times and is an indication of the strong BEARISH trend in upcoming days.
Fundamentally strong stock to hold for the long term, but as per the P/E ratio it's a bit expensive (below 24) is a discount price.
SO TECHNICALLY AND FUNDAMENTALLY STRONG BEARISH TREND,
6973 RESISTANCE
6643 SUPPORT 1
6553 SUPPORT 2
[Positional]Ultracemco Long.....Above 6950 (IF BO Happened Without Retest)
Weak Below 6000
or on retest
Add near 6600-6400
Target 7500-8000-10000
[positional] Ultracemco Long.....[other up trending stocks]UP trending stock under consolidation
buy above 6960
target of 7523-7920
SL below 6000
good volume in uptrend
and currently under consolidation phase with decreasing volumes
Other stocks are
1.sail
2.tatasteel
3.tataconsumer
4.tatachem
5.upl
6.Dr. Lalpathlab
