ULTRATECH CEMENT NSE:​ULTRACEMCO

PTO

a

Rebound from Support

ULTRATECH made a very good structure for short,Price broke the daily range with good momentum and sellers are holding price below support,We only need a sell signal to go short.

This is a very good structure of early trend continuation, Try to learn who is controlling the market buyer or seller, price action is not only candlestick patterns there is much more.

Conservative investors could wait for the inside candle to cross 3725. More adventurous investors could straight away go long. I have gone long. The 3 line Break and Renko on the 30 minutes chart are also looking good. SL below 3630 Immediate Targets around 300+ points from present price to about 40000. Cement is quite volatile so a trailing SL is a sensible ...

Level mention over the chart....

Fresh Bearish cloud break down after consolidation in cloud

the markup target has been derived from this point and figure chart.. https://www.tradingview.com/x/LvnUCsX9/ This is a classic case of stepping stone reaccumualtion there is one prior reaccumualtion which needs a special study as a case will be updating below Disclaimer.. Not invested, Not an investing / trading recommendation

Sell ULTRACEMCO at 4054 with Stop-loss of 4080 (Stop loss is on closing basis, Please do not exit the stock in intraday volatility), and Target of 3980

LOOK IN THE CHART....

1. Has moved below 50 and 200 DMA - Bearish 2. Above long -term trendline - Could be taking support 3. Watch if closes above 200 DMA 4. Minor Price and RSI Divergence - Bearish

Stop loss will be in active when it pass oveBUyr entry point.

24-01-2018 BUY ULTRACEMO ABOVE 4411 TGT1=4476 TGT2=4526 TGT3=4601 closing base SL=4373

The stock is facing resistance at 4600 level after a breakout at 4500 level. One can go short at or below 4540 with SL at 4600 for T1 - 4500 T2- 4450 alternatively one can go short on 4600CE at 62 and 4400 PE at 30 for 18400 in 8 days. Keep strict stop loss for the following reasons. 1. Cement stocks are surging with some expectations from budget 2. It is ...

Ultratech Cement Bullish Flag Long Above 4340 with 4240 SL T1 - 4380 T2 - 4400 T3 - 4450 T4 - 4480 T5 - 4530 T6 - 4600

My Disclaimer - I am neither professional nor a registered analyst with SEBI or any other body, I read price and time charts for my own study and may or may not take any position on any of them. If I share my study with you, it is purely for Study purpose, and any Profit/ Losses arising out of anyone taking any position shall be at their sole risk and ...

Cements stock has risen due to some news. So keep strict SL. One can go short at or below 4273 with SL at 4316 for T1 - 4225 T2 - 4200 Alternatively one can go short on 4150 DEC CE at 45 and 4350 DEC CE at 71 together for 23200 INR in 14 days.