ULCL1 trade ideas
Bearish Harmonic Pattern - Anti Gartley UltraCemCoBearish Harmonic Pattern - Anti Gartley UltraCemCo
ULTRACEMCO, Learn & Earn (Cup with Handle)ULTRACEMCO has formed Cup with handle pattern has given closing around neck line. If trades above 3573, can be good for long.
I am sharing these charts to explain price action concepts as well as possible trade opportunities on Monday and I am fully aware about Global sentiments being highly negative today (i.e. Friday 1-Mat 2020).
If things change by Friday and market is supporting stock trend, then good move is possible. Either ways, keep on watch and wait for level.
Reach out for more details.
Grasim : Capturing Wave CIn a daily it’s going for the 5th wave & on 60 mins it seems we are in Wave 3 or we can label it as ABC & might try to capture Wave C rally on the downside
LongOne can wait for drop reversal or strong close on 15 Minits for entering long , and look to book near forecast , it will be positional that means , there will be some disco dance in the price movement , if you are not comfortable in between the trend , Take the exit
Good luck
Ultratech Cement approaching important Buy Zone.Buy at 3350 - 3400. It has been in range for 2 years now.
And as it is approaching support, all the oscillators are at Oversold zone, good confirmations to go long .
Ultracemco levels for 12-Mar-2020(IntradayBuy above 4040 for 4060,4100,4150
Sell below 3960 for 3950,391
Critical zone - 3960-4040(sideways)
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UltraTech Cement Trend Analysis !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 4-6 times.
One drop before take off ( Possible Expanding Ending Diagonal) When any scrip is analysed , it should be noted and understood before forecasting its next move ,
in My view it has one small drop on current structure basis and then you can expect Next impulse leg up as wave 5
This one visually represents its expanding its structure as its being moved , So it could end up possibly
Expanding ending diagonal which will mark as Impulse wave 1 Based on HTF
One can look for positional trade and can wait for dip to occur for proper entry
And Look to book near the forecast
BUY ULTRATECH CEMENT CO WITH PENNANT FORMATION ON THE TRENDLINECement price hikes will impact the cement companies over a good margin and also the pennant formation breakout would lead to the targets.
