Ambuja cement daily timeframe breakout. Ambuja cement daily timeframe breakout. Looking for bullish trend in coming days.
UCLQF trade ideas
Ultratech long consolidation overUltratech has bullish poll & flag pattern breakout in day candle. observe it. it can give good upside in future. follow the target given in the chart. but clearly 25-30% return expected.
#Ultracemco cash : Looks good above 10200.10#Ultracemco cash -Positional call
23.05.2024
Looks good above 10200.10 and
dips 10075-10100
Stoploss 9750
Target 10600/11000/11400
Cmp 10170.55
ULTRATECH CEMENT (INDUSTRY LEADER)CHARTS are self Explaining the Trend as trend seems to be long term uptrend..
BUYING ZONE IS AROUND 9200-9300
NOT A BUY OR SELL RECOMMENDATION
CONSULT YOUR ADVISORY
Flag & Pole Pattern In Ultracemco- Looking Very Strong-Flag & Pole Pattern
-Gave Strong Closing Near Resistance
-Rsi also ready for breakout
-volume is high - keep in radar
UNLTRATECH CEMENT FORMING A FALLING CHANNEL OR FALLING WEDIGELet’s analyze the chart pattern for UltraTech Cement.
The chart indicates that UltraTech Cement is currently forming a falling wedge pattern or a falling channel pattern. These patterns are considered bullish and suggest potential upward movement in the stock price.
Here’s what each of these patterns signifies:
Falling Wedge Pattern:
A falling wedge is characterized by a gradual narrowing of price range between two converging trendlines.
The upper trendline (resistance) slopes downward, while the lower trendline (support) slopes upward.
As the price oscillates within this wedge, it typically signals a potential bullish reversal.
Traders often interpret this pattern as a sign that selling pressure is diminishing, and buyers may step in.
The breakout from the upper trendline (resistance) can lead to a significant upward move.
Falling Channel Pattern:
A falling channel is similar to a falling wedge but has parallel trendlines.
The upper trendline acts as resistance, and the lower trendline acts as support.
Price tends to move within this channel, bouncing off the trendlines.
Like the falling wedge, a falling channel also suggests a potential bullish reversal.
Traders look for a breakout above the upper trendline to confirm the bullish bias.
Trading Strategy:
Based on the chart analysis, consider the following approach:
Buy on Dips: Look for buying opportunities when the stock price retraces toward the lower trendline (support).
Set stop-loss levels below the support line to manage risk.
Target potential upside moves toward the upper trendline (resistance) or beyond.
ULTRACEMCO Near Support and FIB 50% NSE:ULTRACEMCO This Guy Rejected from the Resistance Now Trade in Downtrend Channel and Near Support and FIB 50% Let's see Support Hold or Break Even Break the Support We need Weekly Closing For Downside Plan
The correction is overUltratech CMP 9875
The stock is in a strong bull trend. In my view the correction is done. Any pull back will be an opportunity to buy. In my view this counter is headed for 11260 and 12500.
ultratdech cement trading in channelultratdech cement trading in channel and flag pattern and reverse from golden zone .
Ultratech ready for a breakoutUltratech has tested many times its declining trendline in daily frame. Once the price breaks TL, it will move fast
Target 10500/11000
sl 9400
ULTRACEMCO 21-03-2024Happy learning with trading. I just shared my view. If correct give me one like. If not correct me.
Disclaimer:
I am not a Registered Analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
Ultratech - At Crucial LevelThe stock price has doubled since June 2022. As per the chart, has been traveling in a rising parallel channel. This time resting at the upper edge. If the price is rejected here, there may be some correction time ahead.
One has to decide the entry and exit levels very wisely.
This illustration is for learning and sharing only. Not a piece of trading advice in any form.
The setup fails if the price breaches the channel above and sustains.
All the best.
Ultratech looks bullish above 7KThere is Head and shoulder pattern forming in Ultratech cement
if it breaks 7000 (neckline) we may see new highs in Ultratech.
if it faces rejection at neck line it may go further down.
Ultracemco...ultra breakoutUltracemco is preparing for a breakout to break 52 week high.
10000,10200,10400 lvels can be seen in coming days. It seems before Feb expiry.
Amazing breakout on Weekly / Daily Timeframe - ULTRACEMCOI usually don't believe in patterns, since pattern trading era is gone. However, breakout works since price reacts first before the news.
It's just a perspective, a simple chart for pattern lovers.....
P.S: No Hate, only peace & Love for all traders out there!
Wait till breakout.. and keep proper stoplossAccording to Weekly chart and daily Trendline...There will be not huge downside...
So,if break above the given level than buy some call..
moreover it is taking phycological resistance.
So it is the time correction as well..
Keep you fund ready to buy above the mentioned level....
UITRACEMCO Selling Point Of View Just wait at the support level. When it breaks and retests, the lower end of the broken candle becomes the entry point. Place a stop loss and trail it until the next support level.
UltracemcoBullish flag n pole chart pattern observed on daily candle.
We can get nice target as per chart
Ultratech Cement - Flag PatternUltraTech Cement is trying to break the flag-pattern. Once done we can expect the price to move to 12500+. Pls see my other charts to see the breakout. Other factors:
1. Volume is steady
2. RSI will move up gradually, and once we see it moving above 60, stock can be super bullish
3. MACD is also becoming positive and as the price breaks out, we can see it becoming positive.
4. Fundamentally stock is doing good, highest TTM sales and profit. Overall as well, we can see cement sector picking up with new infrastructure developments / projects
"Clean Charts, Easy Charts"
Learning & Earning!!
Cheers!!
ULTRACEMCO showing divergenceBreakout on relative strength chart.
Stocks in demand zone.
FTS negative.
Sector underperforming.
Ultratech chart studyUltratech spot at 10500
Weekly time frame
Ascending parallel channel formation
Equivalent harmonic ABCD pattern formation.
counter can face resistance around current levels and going ahead.
if not able to sustain higher counter will give a sharp reversal of 1500-2000-2500 points ,,
keep watch.
This assumption is made as per parallel channel and harmonic pattern, going ahead modification also can be done in study as needed.
#Buy ULTRATECHStrong Breakout on Monthly Chart.
Stock moving towards higher levels.
Accumulation at Previous High and Now Breakout .
