As you can see the stock is traveling in a range that is forming a rising parallel channel. If does not breach the lower side of the channel, we can anticipate the price to move up to 9000. This setup fails for the time if the price breaks down of the lower channel support. Only for learning and sharing purposes, not a piece of trading advice in any form. All the best.
Observed Price consolidated and gave Bullish Break of Structure ... In my View.. Currently Market in 4 Hr Bullish Correction... Buying Monthly Call Option looks Good at given marked zones.
Go Long. Looks like uptrend has arrived Keep stop loss around 6400
Ultratech cement is consolidating above the previous swing highs. Such consolidations usually pave way of Breakout in the direction of trend. ( Trend continuation ). A strong close below 8073 levels would negate the view.
Above 8500 this stock is ready for new lifetime high and its five digit figure .stock is sideway in between 500 pts in daily candle after and breakout of 8500 this stock is no stop
It is clear from the charts that the stock is trading in a parallel channel. yesterday's price was rejected from the upper resistance. if the pattern continues, it should come down to the indicated levels. The logic behind entering here is a good risk-reward ratio at the moment. Only for learning and sharing purposes, not a piece of trading advice in any form....
Looking good for buying once the trend line breaks or wait for the reversal at bottom trend line. Also make sure to follow the index trend and take position accordingly. Please follow me if you like my analysis. More ideas publishing soon…
Watching for a breakout if happens will trail upper trend line
See the chart, everything is clear ! I prefer a long position with a micro SL Take some risk
NSE:ULTRACEMCO Ultra Cemco is been moving in a uptrend and now it is consolidating in a tight range. The Structure has formed a lower high and if the previous higher low is broken then the new lower low will occur and trend change its direction. on the upside, the last 3 days' candles need to break and be closed above cause they are showing a good rejection...
8073 zone which was earlier a zone of resistance has turned into support. Price has retested this zone couple of times.
ULTRATECH Weekly Chart Suggest 50% upside in next 1 Year Weekly CUP Pattern Breakout on ULTRATECH LTP - 8220 SL - 7200 Targets - 12000+ Time frame - 1 to 1.5 Years. Happy Investment.
ULTRATECH CEMENT LTD Key highlights: 💡⚡ ✅On 1Hour Time Frame Stock Showing Breakout of Falling wedge Pattern . ✅ Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 8565+. ✅Can Go Long in this stock by placing a stop loss below 8140-.
ULTRATECH CEMENT Key highlights: 💡⚡ ✅On 1 Week Time Frame Stock Showing Breakout of Rising wedge Pattern . ✅ Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 9660+. ✅Can Go Long in this stock by placing a stop loss below 7350-.
Positional buy Ultratechcem Wait for breakout of Head and Shoulder pattern in Weekly TF. Entry,SL, Target is given in chart
On 4 hrly chart a Wedge Breakout is visible Volume is high on the breakout candle Levels Around 7845 may be tested before upward move indicating sl (white horizontal line) Short Term Target is 8274.7 (yellow horizontal line), Targets can be increased further later , depending on the candle.
All the information given in the chart is for the educational purpose only. ~Do your own research before investing. ~This is not my recommendation. ~My recommendation--LEARN MORE EARN MORE.
UltraTech cement is looking good on 4h and weekly chart. short term buy for 8400 . i will update further study time to time