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-.
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.
Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 8th June, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your...
Howdy traders,
The market is bullish on ultra-tech cement, but the market may retest a little. The market needs to go up to 7972 t o get retested.
If the market does not go up to 7972 to retest then a good bullish rally can be seen in the market.
This includes multi timeframe analysis but I'm posting 2H TF chart for the sake of Candlesticks visibility.
Can give a decent momentum if it consolidates near trendline reason for saying this is the stock has been rallying from 25th may so it needs consolidation.
Please do support me if you like my analysis, and check out my previous ideas as well.
Analysis Criteria Used:
1. Please find the Chart Analysis done for the Swing Trade Idea levels for 22nd May, 2023 and its upcoming week
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3....
Price is clearly making higher high and higher lows on hourly timeframe, long can be initiated aroud 7500 area with a stoploss of 7400 for swing trade, with a target of - 7700 , 7900
Ultratech Cements looks good after breaking a falling resistance trendline on daily chart and gives a close above so we can consider it is breakout of triangle resistance trendline and after a breakout of falling resistance trendline we can go long in it for the target of 7780 taking stop loss of 7550 below a daily candle close.
TARGET AND STOP LOSS
𝑵𝑶𝑻𝑬-...
There is an on going chart pattern in the stock Ultracemco i.e., ultra cements
This is on a daily timeframe. The projected target is of ~28% out of which 11% is already achieved. One can go long now as well with a strict SL of current swing low.
