The stock is in an uptrend
A breakout is visible , after forming a small rising wedge
Higher volume, and rise in atr is seen on the breakout candle
Thus, there is a short term trade
tgt 10812 , sl 10115
its a heavy weight of cement sector
currently sector is doing good
ultratech retested perfectly cup&handle
closed above retest area + 20ema green line supported
all the targets mentioned on chart
put SL as per your system or risk apetite
i am not a sebi register adviser
its my own analysis
pls make sure you do your analysis dont jump on the trade
Ultracemco on weekly timeframe (although weekly closing is pending) is forming a rising wedge pattern and suggest that longs here need to be very cautious or start booking/trailing the profits.
Rising wedge pattern can be both a bearish continuation and bearish reversal pattern, when it is accompanied by declining volume it is a deadly combination and a clear...
Namaste!
1. Ultratech looks good for a positional/swing trade.
2. Entry price and Stop Loss is marked on the chart. If the stock open gap up, then limit order at the entry price will be placed.
3. This trading idea is only valid till next 4 trading sessions. If entry doesn't execute till then, it will be cancelled.
4. Target can either be booked at 3 times reward,...
Namaste!
I often wonder why do retail people and even institutions sell when the stock has been already fell. Why didn't they sell when the stock was rising?
I follow a simple principal. Either sell it at a profit or don't sell.
Anyways, In the weekly chart of the ultratech, you must have noticed the circles I've drawn.
These circles represent the price as well...
A strong V-shaped pattern has formed, showing a quick recovery from recent market lows with a clear increase in positive momentum.
What makes this setup special is the careful consolidation right at the breakout zone for a significant amount of time. This extended consolidation has led to a definite positive breakout.
In simple terms, we're seeing a combination...
This stock is a sell on a close below the trendline. Double Top is a directional signal , we have a divergence in RSI and a strong one. Those slew of candles on the left is an indication of bears in charge. The minimum tgt will be 8150.
NSE:ULTRACEMCO Is Ultra Tech Cement getting ready for further fall ?
Ignore if huge gap down or gap up.
Follow strict stop loss.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
ULTRATECH CEMENT looking good in weekly time frame.
Buy above given level in charts in weekly time interval.
please wait for weekly candle close.
NOTE- Only for Education Purpose.
Please Give A Like If You Like
