ULCL1 trade ideas
Ultratech LONGultratech cement made narrow range 4 as well as narrow range 7 with insider candle on daily chart as well.Also we can see that there is flag pattern on daily chart so Above 3800 it can zoom to 4100 level with stop of 3700..
Short Ultra Tech Cement for target of 3600Short for the target of 3600 on 16th October 2018. Today's bearish engulfing pattern on the daily chart suggest that still the bears are in control to the price. But the current price is at the same zone from where the last time it has shown the upward move. The positional and swing traders can wait until we can see the price moving at least 5% above the current level for the fresh buy.
On 16th October 2018, the intraday players can short it for the target of 3600.
Downturn likely to end in UltraTech Cem. Short for target 3600After the cycle of downward movement, the price of Ultratech cement is on the same place from where it has started the rally last time. But the today's Bearish engulfing pattern suggest that still the bears are in control and the price seems to be hovering around the same zone for some time until the bulls try to take the price up for another rally. So, positional and swing traders can hold the breath until we saw price moving at least 5% above the current level. Tomorrow on 16th October, we can see the price tasting the 3600 level. So, intraday players can short it for the target of 3600.
Ultracetech cement is in Distribution phaseUltracetech cement is in Distribution phase.
When it will broke lower support then will start mark down process.
good candidate for short when it will be in mark down process
Ultratech Cement Buy in SIP wayGo long with Ultratech cement with SIP mode buy 5 to 10% on every Decline or buy on every next support level
UltraTech Cement - Weak!Sell below 4040 with the stop loss of 4070. Targets are 4000, 3970 and 3930.
UltraTech Cement structure break or Not?ULTRACEMCO break previous structure Keep watch and wait for the retestzone the previous structure then enter the trade
Ultratech Cement Long term view from monthly chartBreakout done in monthly chart. Target given as per breakout condition. Stoploss not given. Choose depend upon your financial wealth.
Vijayaraghavan.K
Kovilpatti.
ULTRATECH CEMENT Bounce Uptrend TradeEntry is on 9th August with 4252.25 with initial stoploss of 4138.15
Updated Stoploss 1 is on 14th August with 4173.30
Updated Stoploss 2 is on 17th August with 4197.70
So now total points if stoploss hit will be =4197.70-4252.25= -61.55
ULTRATECH Short...ULTRACEMCO make trend continuation short pullback here keep watch trade safely
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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ULTRATECH CEMENT Uptrend Bounce TradeEntered on 24 July at 4050 with Stop loss at 3783
Update Stop loss - 1 from 3783 to 4137.05 on 8 August
Update Stop Loss - 2 from 4137.05 to 4175 on 16 August
Update Stop Loss - 3 from 4175 to 4200.05 on 20 August
Current Stop loss at 4200.05
In case of hitting Stop loss, confirmed profit of 4200.05 - 4050 = 150.05 points
ULTRACEMCO Bounce Uptrend TradeEntered on 30 Jul 18 on 4230.00 with a stop loss at 3984.30
TSL 0.00% update on 07 AUG 18 from 3984.30to 4137.05
TSL 0.00% update on 14 AUG 18 from 4137.05 to 4174
TSL 0.00% update on 17 Aug 18 from 4174 to 4200.05
Current Trailing Stop loss = 4200.05
In case of hitting stop loss confirmed loss of 29.95 points.
ULTRACEMO INTRESTING SETUP SPOTTED we need to wait to get a clear break to eitherside before jumping in.
MA is suggesting for a probable long trade but R:R is not there for long so ill be waiting for short trade to come in play.
DROP A COMMENT IF YOU WANT ME TO ANALYSE ANY PAIR
#ULTRACEMCO CASH : POSIITONAL LOOKS GOOD ABOVE 4260 & ABOVE 4305ULTRACEMCO CASH - POSITIONAL CALL
31 JULY 2018
LOOKS GOOD ONLY ABOVE 4260 SL 4210
& ADD MORE IF SUSTAIN ABOVE 4305
FOR 4380-4400/4560-4600
CMP 4195-4200
