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Ultratech Cement Ltd.Ultratech Cement Ltd.Ultratech Cement Ltd.

Ultratech Cement Ltd.

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UCLQF trade ideas

Ultratech Cement Ltd. Has the Bull Run ended ?It's been almost 15 trading sessions and during these 15 sessions we witnessed a decent bull run in this Cement Stock. The stock has surged by almost 800 points during these 15 trading sessions. However, the volume levels weren't looking promising enough to support the surge in price of the stock indicating a lesser participation of investors/traders which can be considered as first signal of trend reversal. Also, the weakness was visible in the stock as the day ended with a candlestick pattern of "Shooting Star". We may see a trend reversal in short period of time which may bring the stock upto the levels of 5714-5710 levels. A stop loss can be considered at 5879 level. In Trading/Investing it is usually advised to go along with the trend, but it's equally important to keep a check on the levels of Volume. The above analysis is just for educational purpose. Investors/Traders are advised to do their own reasearch while making any investment decisions.
NSE:ULTRACEMCOShort
by Ratnesh2107
Inverted cup and handle breakdownThe cement sector is showing weakness and most cement stocks are at their breakdown level. Sell below 5610 level for intraday 0.75-1% move and positional for a target of 5330. Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day closing basis. Learn & earn, Dr . Tanya Kumar
NSE:ULTRACEMCOShort
by tanya151181
5
#UltratechCement #UltraCemco Probable Support ZoneNSE:ULTRACEMCO As one can se that stock at harmonic support of this pattern (halfbat), if find reversal in this zone with any good reversal candle then one can go for swing trade any closing below 6006.95 on closing basis and next day if same candle's low break then that could be stop loss for this pattern. target 6800 and above on trailing basis. ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
NSE:ULTRACEMCOLong
by linesandlevels
3
Important level to watch for intraday/ swing in UltratechUltratech has been inching up for the last few trading sessions. RSI is above 55, showing strong momentum. MACD is above the signal line and moving up. Good signals. Although we see strong green candles, volumes have been below average. Price is trading close to an important resistance zone formed by a falling gap. if we draw a line through this gap, it touches another point in the past, making it even stronger. This level needs to be watched closely, if the price sustains above it, the closest target is marked on the chart. Risk reward is not in favor of swing trade, Intraday can play out better in this one.
NSE:ULTRACEMCO
by Sai_Kumar
[POSITIONAL] ULTRACEMCO LONG BET risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all. ======= I use shorthands for my trades. “Positional” - means You can carry these positions and I do not see sharp volatility ahead. “Intraday” -means You must close this position at any cost by the end of the day. ======= Always follow a stop loss. In the case of Intraday trades, it is mostly the “Low/High of the Candle”. In the case of Positional trades, it is mostly the previous swings ********
NSE:ULTRACEMCOLong
by Palkesh_Agrawal