ULCL1 trade ideas
Ultra Cement: Chart set up and strategy UltraCem
The stock has given a breakout on charts and potential target for the set up can be 5600 / 6100 in weeks to come
Given the set up,
alternatively one may consider the following strategy
Sell Ultracem
31 Dec expiry
4800 Put option
in the range of 50-60
Lot size 200
Max profit potential Rs 10000/- to 12000/-
Take care & safe trading!!!
Ultracemco - A nice setupThe chart had a nice setup today. The breakout that happened is having a long tail.
Long-tail resembles.
1. High Demand
2. Shakeout of weak holders.
3. A Bullish candle.
4. Easy SL below the long tail.
Entry should be taken on completion of the breakout candle.
SL should be below the breakout candle (as it has a long tail and weak holders were already shaken out.
Target depends on your risk appetite.
Please lookout for this kind of setup and trade accordingly.
*For Educational Purpose Only*
ULTRACEMCO, 180POINTS IN 1.5HOURS (TRADE ANALYSIS)ULTRACEMCO was notified at 11:45AM today that it had strong resistance around 5210-5220 area and post this it can give good move. It has trading at 5202 that time.
Soon enough it crossed resistance zone and gave us very good rally of 180 points to 5400.
This was complimented by the fact that all the cements stocks were running today.
On other trades we had SL in SRF & profits in BALKRISIND, IRCTC (both late bloomer).
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. If you check all previous charts, you will understand how beautiful price action trading is and how one can become independent trader by following some simple rules.
Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
Learn & Earn
W Breakout at All Time HighUltratech cement, a leading cement player in India, made previous ATH at 5259, from there made W pattern and today gave breakout of that pattern. Poised for next strong upmove...
Certainly a capital multiplier to keep under watch, hold.
No investment advice, Do your own Due Diligence.
TRIANGLE PATTERN ON ULTRACEMC. WATCH FOR BOThe stock has been consolidating in a triangle pattern. Breaking out above 5180 will fuel more bullish buying.
UltratechCem in breakout 1D and 15m Charts RADARUltratech have both buying and selling pressure for past 7 days which leads the chart to narrow down as well as in 15m chart traded in narrow line on 24 December.
Keep this in your radar.
strong buy for investment in ultratechcementreason to buy ultratech cement
1.expanding triangle patterns confirms the uptrend with small retracement
2. high quality stock
3. top ranker in cement industry
4. best fundamentals
5. rsi is above 60
like share and follow me for more updates
whats app 9039779313
Support Resistance playUltratech cement scrip is trying to cross major resistance band of 4465-4525... It had tried 9 times to cross this band. If weekly close above upper level of the band then upside can be expected till 4750-4800-4900... The resistance band will be then taken as support.
ULTRACEMCO: Watch out for 3.5yr trendline resistance! 📈Trendlines are markes. Total 6 touches have been so far making this trendline quite significant. A good bullish candle with volumes can mark the beginning of a next good move. Can go long if goes as said.
ULTRACEMCO, PRICE ACTION INDICATES GOOD MOVE SOON (CHART# 410)All levels mentioned on chart
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. If you check all previous charts, you will understand how beautiful price action trading is and how one can become independent trader by following some simple rules.
Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
Learn & Earn
ULTRATECH CEM BREAK OUT OR BREAK DOWN!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE.
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB: PULLBACK
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Ultratech Rising Wedge BreakoutShort below 5155
Target 1 5121.75
Target 2 5075.7
Target 3 5012.10
Stop loss 5185
#Ultracemco seems bullish seems bullish for mentioned two levels on the chart.
See my other charts for highly accurate predictions and simple analysis
Regards
ULTRACEMCO LONGLOOKING FORWARD TO BUY ULTRACEMCO AT THE GIVEN LEVELS, AGGRESSIVE TRADERS CAN ENTER AT CURRENT MARKET PRICE .
ULTRACEMCONSE:ULTRACEMCO
ULTRACEMCO : CMP 5015
RESISTANCE 5260
SUPPORT 4940 (50% Fibo Level)
Price Reverse from 50 % Fibo Level
Soon It will hit 5250-5300++ level
Major Support level 4755
PCR : 0.39 🚀🚀🚀🚀🚀🚀🚀
