ULTRACEMCO trade ideas
Pullback from Breakout Ultratech gave good breakout and is currently in pullback mode.
Can be bought on dips with
Target 4350
SL 3724
Bearish viewUltratech cement is now in its resistance zone and make doji candle too.
sell signal generated sell below 4128, sl 4287, target 3980
Ultratech Cement - Bullish breakout after build up near resistanNote: This is for educational purpose only.
There is a bullish breakout with ascending triangle formation. Ultra high volume confirms the momentum of the bullish breakout. Moreover, there was a build up near resistance which is a sign of bullish strength. RSI above 60 adds to the conviction of bullish momentum.
Ultratech Cement: Premiums AnalysisUpdated in my previous analysis. It was a super duper move today. Entered around 3955 and it kissed 4213 today.
3950 - rejecting for the past 2 months Price rejecting from 3950 levels for the past 2 months (jun & jul). Now price taking support from the the channel bottom. If breaks 3950 go long.
4000 is the keyPrice rejecting from 4000 level for a longer time. . . This time taking support from the trend line to break the 4000 level, can the price do it this time?
Bearish Ultratech cement have strong resistance zone at 3952 and have bearish crossover too. it can sell at current level with sl 3952 target 3760
Bullish Ultra tech is in support and resistance zone in 1 hour candle. it can be buy at current level sl 3850, target 3920
ULTRACEMCOWeekly Chart shows clear breakout in the long term resistance. Traders can use dips to go long. 3800 will be an ideal price to enter, with 4050 and 4200 as targets, keeping an SL of 3599.
ULTRACEMCO LOOKS BEARISH BELOW 3760NSE:ULTRACEMCO is facing resistance near 4000 levels with Highest Call OI. It is approaching support line 3760 below first target can be 3600 and second target can be 3360.
ULTRACEMCOIt appears to have completed its retracement after a breakout. Further upside till 4050/4200 could be probable if it can sustain above 3825
ULTRACEMO - S below 3790 TGT 3750ULTRACEMO - S below 3790 TGT 3750
The stock has given a breakdown from an upward trending channel.
RSI is below 40 and represents a strong downtrend.
TT2 Tool is BEARISH.
VD shows net selling in the last 5 hours.
Once the prices break 3790 level, the next support is 3750, 3710 & 3680.
KEEP AN EYE!!
***this is my personal view. Please take advice from your financial advisor before investing.
ULTRACEMCO - BullishNote: This is for educational purpose only.
Expecting a bullish breakout above the horizontal line. RSI above 60 indicates a bullish momentum. Moreover, there is a surge in buying volume.
forming Channel with Support and Resisitance Level (Hourly)ULTRATECH cement: cmp 3782
Tgt 3950+
SL 3650-3600
RSI showing NEGATIVE DIVERGENC.E after breakout, Huge upside possible, make sure Volume also has to be HIGH after this.
ULTRACEMCO 9% retracement from the recent highOn daily chart it has perfectly formed ABCD pattern and has immediate strong long term R1 and R2 levels.
