NSE:ULTRACEMCO This Guy Rejected from the Resistance Now Trade in Downtrend Channel and Near Support and FIB 50% Let's see Support Hold or Break Even Break the Support We need Weekly Closing For Downside Plan
Ultratech CMP 9875 The stock is in a strong bull trend. In my view the correction is done. Any pull back will be an opportunity to buy. In my view this counter is headed for 11260 and 12500.
ultratdech cement trading in channel and flag pattern and reverse from golden zone .
Let’s analyze the chart pattern for UltraTech Cement. The chart indicates that UltraTech Cement is currently forming a falling wedge pattern or a falling channel pattern. These patterns are considered bullish and suggest potential upward movement in the stock price. Here’s what each of these patterns signifies: Falling Wedge Pattern: A falling wedge is...
Price may reach high after breaking the level marked
Ultratech has tested many times its declining trendline in daily frame. Once the price breaks TL, it will move fast Target 10500/11000 sl 9400
Happy learning with trading. I just shared my view. If correct give me one like. If not correct me. Disclaimer: I am not a Registered Analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
The stock price has doubled since June 2022. As per the chart, has been traveling in a rising parallel channel. This time resting at the upper edge. If the price is rejected here, there may be some correction time ahead. One has to decide the entry and exit levels very wisely. This illustration is for learning and sharing only. Not a piece of trading advice in...
There is Head and shoulder pattern forming in Ultratech cement if it breaks 7000 (neckline) we may see new highs in Ultratech. if it faces rejection at neck line it may go further down.
Ultracemco is preparing for a breakout to break 52 week high. 10000,10200,10400 lvels can be seen in coming days. It seems before Feb expiry.
I usually don't believe in patterns, since pattern trading era is gone. However, breakout works since price reacts first before the news. It's just a perspective, a simple chart for pattern lovers..... P.S: No Hate, only peace & Love for all traders out there!
According to Weekly chart and daily Trendline...There will be not huge downside... So,if break above the given level than buy some call.. moreover it is taking phycological resistance. So it is the time correction as well.. Keep you fund ready to buy above the mentioned level....
Just wait at the support level. When it breaks and retests, the lower end of the broken candle becomes the entry point. Place a stop loss and trail it until the next support level.
Bullish flag n pole chart pattern observed on daily candle. We can get nice target as per chart
UltraTech Cement is trying to break the flag-pattern. Once done we can expect the price to move to 12500+. Pls see my other charts to see the breakout. Other factors: 1. Volume is steady 2. RSI will move up gradually, and once we see it moving above 60, stock can be super bullish 3. MACD is also becoming positive and as the price breaks out, we can see it...
Breakout on relative strength chart. Stocks in demand zone. FTS negative. Sector underperforming.
Ultratech spot at 10500 Weekly time frame Ascending parallel channel formation Equivalent harmonic ABCD pattern formation. counter can face resistance around current levels and going ahead. if not able to sustain higher counter will give a sharp reversal of 1500-2000-2500 points ,, keep watch. This assumption is made as per parallel channel and harmonic pattern,...
Strong Breakout on Monthly Chart. Stock moving towards higher levels. Accumulation at Previous High and Now Breakout .