Ultratech cementCup and handle pattern Breakout
Right now cement sector is on fire 🔥
A stock recommendation For your portfolio
UCLQF trade ideas
[symbol="NSE:ULTRACEMCO"]NSE:ULTRACEMCO[/symbol]NSE:ULTRACEMCO
weekly time frame ; inverse head and shoulder pattern
day candle brake the trendline with good volume brakeout
wait for proper neckline brakeout .then take long position
My view on UltracemcoUltracemco forming inverse Head&shoulder Pattern on long time frame chart.
Above 6920-25
Tgt 7000-7050-7100 in very short term
Keeping on radar Ultracemco 6900 CE
UltraTech Cement - Inverse Head & ShoulderAn inverse H&S has formed on the chat and the analysis & Target is as shown on the Chart.
This is my view and for educational view only.
Possible Descending Channel BreakoutKeep this in your watchlist, high chances of a breakout as it is consolidating near the resistance.
UltraCement with the Ultra Trade After the previous post on Ultratech where the target was hit beautifully, it has given another break after having a TIGHT consolidation during
the formation of a triangle after support from the 200 EMA constantly.
Very High probability with a possibility of a Golden Cross coming in.
Target to Next High Of 7497
Stop loss inside triangle.
Keep It Simple
ULTRACEMCO
NSE:ULTRACEMCO
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
ULTRATECH CEMENTULTRATECH CEMENT ....
1 - forming cup and handle pattern and
inverted h&s pattern
2 - 5 month consolidation
3 - good rsi momentum 63
4 - golden crossover
buy above day high
ultra tech intradayultratech going up in 15 mint chart pattern buy at 6652 sl 6627 tgt 6679.6695 6700. 6738
ULTRATECH CEMENT TEHNICAL ANLYSIS ULTRATECH CEMENT TEHNICAL ANLYSIS
CUP ☕ AND Handal pattern
A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
Ultratech Cement - Bullish SetupUltracemco has made a Insider bar last week on weekly time frame and on dtf, it is making a cup & handle pattern. There is also a confluence of ema's on hourly timeframe and on 15 min time frame there is a counter trendline resistance broken out.
ULTRATECH CEMENT_CHANNEL BREAKOUT?ULTRATECH CEMENT looks like a clear channel breakout. If the price sustains above 6534, it will reach certain targets.
ULTRATECH - 8th August 2022Stock in Resistance Zone of 6950 - 6550.
Expect Volatiity with chopiness in this Range.
Breakout from here could give a sustained move.
Breakout in ULTRACEMCOBreakout in ULTRACEMCO
Entry: 6825
Targets: 7820 & 8215
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
ULTRACEMCO DAILY CHART PATTERNULTRACEMCO is forming a beautiful cup with handle pattern at its bottom, the handle is giving a shakedown and a long entry possibility if the high of the handle is taken out with high volume. Giving a target of 6776 (13%) which is the next area of confluence where the stock may haunt or make a pullback.
Fundamentals of the stock are strong and healthy according to the CANSLIM strategy.
Price has almost reached its resistanceIt is only for knowledge purpose. Kindly do your analysis before taking any trade. Thanks!
Price is reaching towards supply zone which is supported by overbought RSI followed by bearish divergence.
One can enter as soon as one sees rejection from the zone.
5700 looks like a good target.
Short positionUltratech have an rising wedge pattern which indicates that the share wil be falling in upcoming days... Wait for the breakout then take entry...
Ultratech Cement - BreakoutUltratech cement brokeout importance resistance and started to fly.
Can Go long for the targets given.
Also, Keep cement sectors stocks on your radar, as most of the stocks given breakout
Happy trading
Ultratech Cement BullishUltra tech cement looking good in daily concentrate
if price sustain above 6458 in daily
Ultratech Cementgood upmove from 5200 exited near 5800
again entered above 5950
possible 6950
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Ultratech to buy for best return in next 1 yearthis will be best buy and chart path is self explanatory
