Example of Fake breakout !! be carefull Greetings ,
This is best example of Fake breakout ..
always put sl while making order
UCLQF trade ideas
ULTRACEMCO ArcULTRACEMCO
Following the arch till now.
Looking forward to have this scenario further.
Ultratech Cement#ultratech Followup... 4470-30 is crucial zone.. below 4430 its a fall as per levels given before... 4360 and next targets on chart...
UltraTech cement it is bullish.Chikou has crossed the price line from below.
Price breaks out from Kumo.
Tenkan sen kijunsen crossover likely.
Ultratech Cement#ultratech followup.. .so is this a pullback or trend reversal... might be cleared with next moves in couple of days...
Ultratech Cement#ultratech followup.. As told earlier in Linked chart, below 4500 targets are open for next as 4360. It gave breakdown today.
Can Ultratech cement finally break the hurdle?NSE:ULTRACEMCO
I feel it cannot. It is already in overbought zone. This could be a brilliant shorting opportunity.
Ultratech 4800 ?Chart set up shows it has taken support on 4440 on yesterday. Now next target seems around 4800.
Only for idea sharing and learning purpose. Not a trading advice.
please comment your views..
ULTRACEMCO has sustained monthly resistance. Look out for LONGS.ULTRACEMENT has shown good MoM and closed above M RT. Price can retest this area. Look out for good PA for longs. WBP neckline also broken out. Price is also above M and W pivots. Next D RT around 4665 can be the target for positional long.
Multiyear Breakout in Ultratech CementUltratech cement just breaks the multiyear high price on weekly chart. The stock has attempted to break this high price (4450) in 2017, 2018, 2019 and 2020. The stock has attempted several times to break this high price but suddenly start falling after touching this multiyear high price. Now, stock is in a good momentum this time which outperform the NIFTY and supported by high volume. My First Target is 4850 with stop loss 4200 and conservative trader book their profit after first target but aggressive trader hold stock and review the stock near Mega breakout. After all time high price breakout my second Target is 5850 and third target around 6400 with stop loss of 4400. The company is fundamentally very strong and provides good numbers in the past. The management (Birla Group) has proven track record of honesty, integrity and efficiency.
ULTRACEMCO 1D SHORT :POSITIONAL:
If sell trigger's a ULTRACEMCO OCT FUT can be sold.
Nice short with good RRR. Target will be updated later.
INTRA DAY FOR ULTRATECH1. MOVING AVERAGE CROSSOVER
2. TREND LINE BO
3. SUPPORT RESISTANCE
4. PRICE ACTION
5. SUPPLY AND DEMAND
6. BREAK OUT STRATEGY
Long Ultratech Price action is getting into strong support zone and giving good R:R. Long around cmp with SL as 3735 Closing basis.
Disclaimer: ideas for educational purpose.
ULTRATECH CEMENTULTRATECH CEMENT ..strong breakout from triangle pattern with ma convergence and now all ma in ascending order...
ULTRA CEMENT FORMING W PATTERN OR DOUBLE BOTTOM PATTERN.ULTRA CEMENT FORMING W PATTERN OR DOUBLE BOTTOM PATTERN. MAY GO LONG .
Finest shortI know this all looks messy but wait for it to move up a bit more.
Top chart is Weekly & Bottom is monthly. Daily chart is zoomed in showing the red and green lines which are support & resistances.
I think the red and green lines speaks all. Not recommending anything. This is just educational. I am not an advisor.
