Ultratech good to watchNSE:ULTRACEMCO
Good to keep on the radar
Always respect SL & position sizing
========================
Trade Secrets By Pratik
========================
Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on basis of our research.
UCLQF trade ideas
Ultratech 1hr time frame symmetrical triangle Ultratech 1hr time frame symmetrical triangle with powerful breakout but retest is also important if retest is successfully and it's make bearish sign then we will entered a trade but retest not succesfull then we avoid this trade
Take a short entry
Entry : 6910
Target 1 : 6782
Target 2 : 6667
Stop loss : 7003
Expecting an upmove in UltraTech Cement Ltd.The stock NSE:ULTRACEMCO is taking resistance at a tight range of 6970 - 7080 ( indicated in the white line and a thin violet rectangular bar). Which earlier acted as support seen in the graph.
Here I have taken a weekly time frame of the stock where a reverse head and shoulder pattern could be observed in the chart( indicated in a violet arc). Which is considered bullish momentum.
Looking for the stock to pass the 7100 level along with volume action
keeping an immediate target at 8000
stop loss below the 6800 level if the stock retraces after crossing the 7100 level.
*this analysis is for educational purpose and not any kind of stock recommendation
MIDCAP may be on FireNSE:CNXMIDCAP NSE:ASHOKLEY NSE:ASAHIINDIA NSE:BAJAJHLDNG NSE:GRAVITA NSE:IEX NSE:PIIND NSE:POLYCAB
Good to keep on the radar
Always respect SL & position sizing
========================
Trade Secrets By Pratik
========================
Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on basis of our research.
Ultratech Cement ( both side trade possible )Price now at resistance, Its a good buy above 7075 level where it might break the following resistance trendline for a target price of around 7800 and a good sell below 5983 which is 500D moving average for a target price of around 5150. Always trade at your own risk and own knowledge.
Good Luck, Jai Hind 🇮🇳
Head and shoulder pattern breakout in ULTRACEMCO.ULTRACEMCO
Key highlights: 💡⚡
📈 On 1D Time Frame Stock Showing Breakout of Head and shoulder Pattern .
📈 Strong Bullish Candlestick Form on this timeframe.
📈It can give movement upto Breakout target of 8710+.
📈 Can Go Long in this stock by placing stop loss below 6650-.
📈 Breakout this can give risk:reward upto 1:5+.