USHAMART trade ideas
Low risk set up ✌✌✌This scrip is expected to give breakout in the coming days as it is in the demand zone. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
Chart Analysis of UshaMart (12 Jan 2022)Sensing a big Breakout soon in this Stock.
Trendline supporting beautifully and now near immediate resistance.
Target : 107,115
SL : 95
Only for educational purpose. Not a recommendation.
#USHAMART USHAMART #RELIANCE #NIFTY #BANKNIFTY #IT #IOT #STEEL #USHAMART
Usha Martin Ltd.
NSE:USHAMART
NSE:USHAMART
CMP: 97.75
Short term quick target 107+
Long term higher expected.
SL: 89
Duration < 1 month
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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Multi year breakout in Usha martinMost of the stuff explained in the charts itself. Volume in the stocks has risen and is at multi year highs if you compare to last few years. Quick movement makes it high risk .
Disclaimer : This is only for educational purpose through technical analysis. One must do his/her own due diligence before taking any position in this stock
USHA MARTIN LONGReasons for buying:
-RSI above 60
-MACD crossover
-Positive Volume greater than the last past trading sessions
USHAMART READY FOR FRESH BREAKOUTBuy above 77 stop loss 67 on
daily closing basis with 5% buffer
on low TGT Open
Trail SL Middle Band on daily closing basis
USHAMARTIN Monthly Minor correctionShort term reversal similar to January 2021, expecting 20-30% correction - possibly cup and handle pattern formation
Book some profits now and renter at 57 and 46 levels, based on price action at that level
Re-entry: 57, 47
Stop Loss: Close below 44
Targets: 90, 100, 130
USHAMARTIN swing trade idea#USHAMART Currently price is at 72 but a big breakout is visible on the chart. Best buying range 75-77 with SL below 72 for targets of 82 and 95 in approximately one-month timeframe. Set the alert for buying range. #swing #positional
Swing Trade - Long Opportunity Usha MartinFlag Pattern breakout with good volumes
CMP 72
Target - 80/84/92
SL 65
Please follow proper Risk management
Time To Accumulate!Stock has given Break Out on Monthly Time Frame. Good to time to slowly accumulate the stock as it's looking very good for 2X times returns from hereon.
Usha Martin:This is for education purpose & not a recommendationThe stock has given a breakout on monthly basis after 2014.
Please do your own analysis and consider your Risk reward before taking any position. I am only a novice here and trying to post my learnings. Not Sebi-registered.
USHAMART All scripts posted here are only for study purpose do your analysis before taking any positions
USHAMART looks very Strong Swing TradeUSHAMART looks very bullish. It broke its previous swing high even when border market closed in deep red.
1st target - 66
Final target - 85
SL - 54
Multiyear breakout on Monthly Chart |Will it give a good profit?NSE:USHAMART
This stock gave multiyear breakout above Rs 42 level in April 2021. And in this month it has been sustaining above 55.
If in upcoming days if it sustain to remain above 55 then it will be a good buy for short term holding.
USHA MARTIN - DarvasBox / Flag BreakoutI am looking to take a risk here, to ride the Breakout. However, keep a very strict stop loss as per your risk appetite if markets turn weak.
