SHORT Ultratech Cement on rise 4650-4690 Stoploss 4765Classic Butterfly Bearish pattern on Ultratech and also long run as per time cycle also it will go down for next quarter and give at least 900 point move.
ULCL1 trade ideas
Ultratech cement still bearish viewUltratech cement still bearish i believe. If not news driven. Also Nifty could be bullish tomorrow. Yet Ultratech is in overbought zone now.
ULTRATECH CEMENT: Triangle Breakout!After more than a year of consolidation, ULTRATECH CEMENT finally appears to have broken out its triangle consolidation. Its certainly worth checking if this breakout is sustainable and then enjoy the long ride. Expect 1000 points move on a good breakout!
Ultratech cement grab for wave 4will break the channel triansient for false breakout and return for wave 4
target will update
UltraTech Cement Ltd | Trade Nivesh Trade Nivesh UltraTech Cement Ltd. was observed to be priced at Rs. 4650 which was an increase of 199.5 points from the day's opening price while a change of 255.35(5.81%) points was also observed from the previous trade.
Side ways Corrective Trend This scrip after hitting the ATH have moved in Side way corrective pattern ,
1) it made and Side way corrective pattern consisting of 3 waves as 3,3,5 pattern which i am referring as Wave (W)
02) Currently its making 3 wave pattern of 3,3,3 which i am referring as wave (X)
03) If the ATH is tagged and price reverse i am Looking an deep sharp impulse leg down which will be again in 3 wave corrective pattern
which i am expecting it will not brake its previous impulse leg low , once this correction completes i am looking an Continuation of Impulse move for Next high
One can look for trading as per direction currently drawn in the chart
ULTRATECH CEMENT SHORTTERM PRICE PROJECTIONULTRACEMCO GAVE A FRESH BREAKOUT , BULL FNP ALREADY BROKEOUT .. ANY DIP TOWARDS 4150 LEVELS COULD B BOUGHT INTO WITH SL BELOW 4070 TARGETING 4500 LEVELS THIS TIME.. VIEW IS NEGATED IF MKT STARTS SYTAYING BELOW 4100..
ULTRATECH CEMENTTrying to breach the resistance zone (tested many times over the past year).
Had substantial volume for last rise also.
IF breaks out can test at least green targets.
NSE:ULTRACEMCOL Sell For 23 April 2019NSE:ULTRACEMCO sell initiate for 23 April 2019 using 60 minutes chart based on Fibonacci levels,
check below Sell level :
Sell Below : 4184.9
Stop Loss : 4204.5
Target : 4160.95
Ultratech Cement IntradayIf support is broken on 30min clbs ., then it can fall towards T1 and T2
All the levels are mentioned on the chart.
Disclaimer - Not a recommendation to buy or sell, view only for educational purpose.
Expect HEAVY UPSIDE IN UPCOMING DAYSInverted H&S formation neckline breakout and sustaining at higher levels ready to make new highs keep Stoploss below right shoulder support and wait for new highs in upcoming days.
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Bullish Flag breakoutOn daliy chart stock has formed bullish flag breakout, expect stock to move towards 4,150-4,250.
