Usha Martin - Ready to breakout Buy above 343 | Tgt 352, 362 | sl 336 Traders keep this stock on your radar to catch the Momentum It is my view and trade your own analysis
~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.
Stock consolidating nearing Jan 2008 highs, the stock has rallied form 30-40 levels to 150 on high volumes. currently the volumes have dried as the upmove has paused after giving a good rally, Natural reaction of the stock after upmove. Once the stock breaks out of the 14 year old high, can give bumper move. Any dips upto 115-120 levels can be used to accumulate...
Small caps mid caps are on roll don’t miss the chance
NSE:USHAMART Currently breaking out from a consolidation within a bigger consolidation (See chart) Goood volumes today and if a breakout is confirmed by EOD, I think it will go on to breakout from the larger consolidation as well. Targets for the smaller consolidation amount to 35 points, whereas the targets for the bigger consolidation amount to 55 points,...
Keep base SL 188/180 and go long.. Initial targets 210-225-240+
USHAMART is moving in a ascending triangle pattern on daily timeframe. Sustaining above the level of 222 can lead to a good breakout.
Price is above 50;150; and 150 DMA and BO with tight consolidation
Manufactures of speciality steel products . Pledge percentage is very high and promoters are increasing in QoQ. Stock is in a resistance band. Stock is nearer to 52 week high. RSI indicating price getting more stronger .But declining profit margin and pledge % of promorters are a threat to its subsequent move.
Please check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours: --------------------------------------------------------------------------------------------------------------------- 1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk...
Stock Name - Usha Martin Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 212 #This is not Buy and Sell recommendation to any one. This is for education...
USHA MARTIN as per day chart analysis Stock ABOVE 195 TARGET 198 Happy Profitable Trading to All..
USHA MARTIN as per day chart analysis Stock ABOVE 189 TARGET 189 Happy Profitable Trading to All...
USHAMARTIN moved from 150 levels to 180-190 levels after a long consolidation. Its above all averages and currently trading above the previous month's high. If momentum sustains - we can see further upside in this. Add to the watch list. Can keep this in the radar --& exit once the Previous week's Low is crossed downside.
USHAMART has given triangle pattern breakout at 140 levels. Target: Around 195-200 levels. SL: Daily candle close below 138-135 zone Target timeframe: 1-2 months. Note: It is a volatile and illiquid stock, so can expect some volatile movements either side, one should be patient and cautious with the price movement on either ways. Strict SL / trailing SL recommended.
A Perfect Example of High Probabilty Trade Beautiful Triangle Breakout and Closing above the Falling Resistance Trendline along with good volume during the breakout gives enough conviction as a High Probability Trade.
Looks good for a triangle breakout with sl of 125 on daily close basis
NSE: USHAMART CMP : 160 TARGET 1 : 185 TARGET 2 : 197 STOPLOSS : 132 Note : This is not a buy or sell call, this analysis for educational purpose.