Ultratech Cement - Ascending Triangle | swing | intradayUltratech Cement is forming ascending triangle pattern. Long entry above 7000 for swing / Intra players.
UCLQF trade ideas
ULTRACEMCO - Price and Trend SetupULTRACEMCO Price and Trend Setup. Support, Resistance and Breakout levels.
Ultracemo is looking to break traingle pattern.ACCORDING TO MY ANALYSIS IT WILL BREAK ON THE UPSIDE AND WILL MAKE NEW HIGHS IN COMING DAYS. AS MARKET IS BULLISH I AM GOING TO TAKE POSITION IN IT. TRADE ACCORDING TO YOUR RISK. THIS ANALYIS IS FOR LEARNING PURPOSE. DO NOT TAKE TRADE ON ANYONE'S ANALYSIS BLINDLY, DO YOUR OWN ANALYSIS ALSO.
ultratech cement @ lower channelone can long in ultratech cem with the stop of 6500 and target could be 7100.
Ultracement - Triangle Breakout - LongHi Guys,
Welcome to Thenali Views, Technical Analysis of Ultratech Cements
Trading Checklist:
Script Name: ULTRACEMENT
Trend : Uptrend
EMA: Bullish
ATR Volatility: Down
Time Frame Analysis: Daily
Candlestick Pattern:
Whether any Trend Reversal Pattern? NO
Candlestick Pattern was support with good volume? Not Applicable
Chart Pattern: Triangle
Breakout Happened with good volume? – Yes
Before Breakout Buildup (Consolidation) was happened? Resistance
Retest Happened? No
Support: 6703
Resistance: 6969
Buy Price: 6840
SL: 6506.40 (Daily Closing Basis)
Target: 7507.20
Risk: 333.60
Reward: 667.20
Ratio: 1:2
Whether Trade is Favorable or Not? Favorable
Regards
Thenali Views
Disclaimer: Kindly do your own analysis before executing the trade.
ULTRACEMCO COMBO PATTERN FORM ON CHARTCOMBO PATTERN FORM ON 1 HR CHART
1) HEAD & SHOULDER = WILL WAIT FOR CONFIRMATION OF RIGHT SHOULDER AND BEARISH PATTERN OVER THERE FOR SELL SIGNAL
2) BULLISH CYPHER FORM - WAILL WAIT FOR CYPHER LEVEL FOR LONG TRADE
[ Intraday ] ULTRACEMCO Short Betr : R 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 at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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ULTRACEMCO GO SHORT ULTRACCEMCO RETEST THE BROKEN TRENDLINE
GO SHORT BELOW 6703 FOR THE TARGET OF 6615, 6585, 6420
Ultra tech Cement Engulfing Near 1 HR Support of 0.618Ultra tech Cement Engulfing Near 1 HR Support of 0.618
#Ultracemco cash : Looks good above 6750.10#Ultracemco cash -Must trade
17.06.2021
Looks good above 6750.10
stoploss 6710
Tgt 6790-6800/6840
Cmp 6704.85
ULTRATECH CEM SELL when breaking the trendline
if breaks below 6620/6600 Downtrend will start, sell on every rise.
ULTRATECH CEMENT AT IMPORTANT LEVELThe stock is at an important zone, it has taken support from the yellow line multiple times and if it is taken out we may see marked levels.
In case stock takes support again from this zone then upper marked levels on the chart would be tested.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
