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USHA MARTIN LTD.USHA MARTIN LTD.USHA MARTIN LTD.

USHA MARTIN LTD.

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USHAMART trade ideas

Amazing breakout on Weekly / Daily Timeframe - USHAMARTCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favor that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME. Checkout an amazing breakout happened in the stock in Weekly timeframe. Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run. Time makes money, GREEDY & EGO will not make money. Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts. The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play. LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
NSE:USHAMARTLong
by Yoyohoneysingh93
USHAMART - INVERTED HEAD & SHOULDERUSHAMART is seemed to be making an Inverted H&S pattern. It may go down make 2nd shoulder and then reverse. Formation of a Hammer candle at 2nd shoulder will be a good confirmation. It is also moving in an Ascending Channel from June 2023 at Weekly chart. 330 seems a good support, horizontal and lower trendline, it may reverse from this level. 420-427 seems a Resistance. Finding right support and resistance levels are important, and price action makes it better to understand. For learning and educational purposes only, not an advice!
NSE:USHAMART
by SatpalS
2
Usha Martin Testing Crucial Trend Support Amid Market Volatility✅Usha Martin has been trading within an ascending channel, with the stock consistently bouncing off both the upper and lower bounds of this channel. The recent correction has brought the stock back to the lower trendline support, which has historically provided a strong bounce. ✅The stock is also testing the lower Bollinger Band, which coincides with the trendline support. The confluence of these two technical indicators makes this level crucial for the stock's next move. Historically, Usha Martin has shown a tendency to reverse from this support zone, and a similar reaction can be anticipated. ✅The recent drop in price has been accompanied by a slight increase in selling volume. While this may indicate short-term selling pressure, it also reflects the market's uncertainty. Investors should watch for a reversal in volume patterns as an early indication of a potential bounce. ✅RSI is currently at 28.38, indicating that the stock is in oversold territory. An RSI below 30 often signals a potential reversal, especially if it aligns with other key support levels like the lower trendline and Bollinger Band.
NSE:USHAMARTLong
by Marketik