Ultra tech cement Elliot Waves analysisI am learning and trying to understand Elliot Waves. First time trying to draw waves please comment and guide me with analysis.
UCLQF trade ideas
Intraday Stock to trade For tomorrow NSE:ULTRACEMCO
It is very bullish for tomorrow for intraday trading
It is oversold stock and Technically a very strong chart.
Buy for the target of RS 6573.
buy ultratech cementit has formed bullish shark harmonic pattern. it may retrace to 0.38%-0.50% of point CD. view negated below 5600
Ultratech Cement Swing & Positional OpportunityNSE:ULTRACEMCO
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
📌 As One can see, This Pattern has Been Made on Bigger Time Frame, that's why stop loss quite big as per this pattern and time frame. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis.
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
PRZ 1 :- 6227.10
PRZ 2 :- 3209.95
SL :- 5970.20 (Closing Basis)
Target 1:- 6420
Target 2:- 6586
Target 3:- 6773 and more Trailing basis
Note:- As Per this harmonic pattern , stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Kindly note that and ask in live session so next time you could be able to identify reversal by your self. Even ask doubts in comments, below.
******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.
UltraTechCement - Long SetupFundamentally a very strong stock. Has been on a down trend for a very long time with RSI in oversold zone. Wait for an reversal candlestick pattern at the mentioned level for long term investment.
Ultratech CementUltratech Cement can take support near 6250-6300 and start it's upward journey towards 7000+
Ultratech CementJust a technical view on any fall where sud u buy.
If by any chance u get near the levels marked.
Buy as per your risk appetite.
ULTRATECH CEMENTGood opuurtunity for long term investers and also for short term investers too. This Ultratech script is in good form and strongly have my conviction that it may reverse from around this level or around 6200 range and my stoploss for short term trade would be around 6170 level.Long term investers just accumulate this legend for good ROI.
Simple candle stick patternInverted hammer candle is candle stick pattern which shows a price rejection area on upper side. We can go for sell a stock with the help of inv. Hammer candle by confirmation of next bearish candle move.
Today in the morning we got the inverted hammer candle (with the last two day's double top pattern)on the steps of previous day which was telling us sharp price rejection. Next candle break the low of first candle and price moving down.
You can see how beautifully, a single candle stick pattern work today.
Ultratech Cement Cmp 7290 dated 15-2-2022Ultratech Cement Cmp 7290 dated 15-2-2022
1. Reversed from the Support Line.
Buy for a tgt of 7415-7540-7660-7770 SL 7140
It is just a view, pls trade at your own risk.
ULTRATECH CEMENT NSE:ULTRACEMCO
Intraday stock watchlist for tomorrow February 8. Check them all and comment.
RD TRADING
ULTRACEMO SHORTShort between 7180-7200 with SL above 7250
Target 1= 6760
Target 2 = 6610
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Ultratech Cements With Major thrust being anticipated in budget for infra.....
cements and real estate... segments can possibly be very volatile based on the news flow...
Like..... share.... follow.....
ULTRATECH CEMENT AT SUPPORTNice place to buy if it closes in green tomorrow,If it closes below low of yesterday candle can see for breakdown
ULTRATECH LONGNSE:ULTRACEMCO looking good for long term add 50% of capital here remaining 50% if comes near 7340
SL 7000
Target 1: 7800
Target2: 8000
Watch for support breakdownshort below 7000 in Intraday
For stoploss in Intraday use 5 minute chart and see nearest resistance.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapdown or bd before 9:20
If gapdown is more than 1% from bd level than avoid completely.
if less than 1% or gives bd before 9:20 than wait for
first 5 minute candle and entry below 5 minute candle
and revised SL above candle high.
ULTRATECH CEMENT at support levelUltratech Cement has taken multiple supports at this level. It can be good long trade with more than 1:3 risk reward ratio.
head and shoulder classic head and shoulders in ultratech combined with poor PBT(profit before tax) and the possibility of neckline break increases .
