The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets...
ULTRATECH cement is consolidating in a triangle pattern on hourly time frame chart so if it will break falling trendline resistance then we will go for a buy for the given targets above and if it will break support then we will go for a sell for the targets given below. BE A HERO ALWAYS ✌🏽✌🏽✌🏽✌🏽
Ultratech Cement after breakout its Ascending Chart Pattern trying to sustain above Levels but not get Sustained and get major or Agressive SellOff If ULTRATECH cannot hold 6850 Support we can see further down move untile next support which is 6100 approx KEEP AN EYE ON IT….!!!!!
Currently, UltraTech Cement is trading over its strong support zone, which previously served as a resistance area. We can see that the price has come back to test the head and shoulders pattern's breakout & we can see Selling Volume is getting Exhausted. On the chart, I have drawn a red trendline. Planning a buy trade is possible if trendline breakouts occur. for...
~The information given in the chart is for the educational purpose only. ~Do your own analysis before investing.
ultracement complete 5 wave up side and 2 or 4 trendline break confrim start correction
- 1st the stock gave a BO of a HnS formation and then fell below the Neck line with good candle and volume, and Hit the SL of the Buyers' and trapped the sellers - Now again giving BO of with with fully engulfing the Previous candle
Good technical pattern under formation. Once the triangle breaks on the upside there can be target of 11000. All the cement companies shares are doing good except ACC & Ambuja which are under pressure due to other reasons. Hence, It will be good to take this bet as whole sector is performing there are higher chance of breakout but for safety perspective SL has to...
Chart does show indications for the above opinion . 1. Inverted Heads and Shoulders pattern (both daily and weekly time frame shows it clearly) 2. Cup & Handle pattern in Daily time frame 3. Entry only after a Breakout above the pink trendline !! 4. 1st Target can be depth of cup nearly 900 points. 5. After achieving the target of cup & handle, we can move...
let's wait for a green candle here and we can see an upside target up to 8-10%
Price is facing difficulty to go beyond 7250-7300 levels since December. Looking at the option chain 7200 CE for 25 jan expiry has highest open interest, trading at a premium of 140. 7350 becomes an important level from the option chain perspective as well. Overall this will tell you the behaviour of stock at various levels.
Inverted Head and shoulder pattern in Ultratech cement Ltd...........
NSE:ULTRACEMCO Ultra tech can be a leader in the Nifty Infra rally So eyes are on it.
ULTRATECH - Mother candle formation entry - wait for weekly close above 7299 Target - 360 Points SL - AVWAP
Ultratech Cement ( NSE:ULTRACEMCO ): Inverted H&S in weekly chart Trade Plan: Cash : BUY at CMP. Add more at 6900 Place SL at 6615. Revise the SL at 7350 when share touches 7650. Further, if share breaks out 7800, tighten the SL to 7600. Book long at 8000. Option : 1. Naked Call Buy : Ultratech 7300 Jan-25 call option at 100, with SL:65, T: 150. Lot:...
place gtt at @7057 leveI. iam not personally interested, because it is a slow mover. stop loss 1%>
Hello Everyone, Today i am back with a wonderful share to swing Ultratech Cement as you can see that there is a Inverse Head and Shoulders and a Slanting Channel which is a very bullish sign, destroying the chances of bear as the Retest is also complete and stock has moved up also. Now coming to targets so if we take the target of the channel it is 7980 at 12%...