UCLQF trade ideas
Ultracemco - Three day candlestick Pattern with BreakoutUltracemco has been trading within a range of ₹11,000 to ₹11,400 for the past few weeks. Today, the stock broke out of this range with significant volume, confirming the strength of the price movement. The depth of the market also reveals strong buying interest, further supporting the bullish outlook.
Additionally, the stock recently formed a three-day candlestick pattern known as the Morning Star, which typically signals a potential reversal and a shift in market sentiment.
Given these factors, Ultracemco appears poised to advance towards its key resistance level of ₹12,000. The stock has been testing this resistance for the past three months, and a successful breakout could indicate further upside potential.
Ultratech flag n poleTwo patterns visible in 1 hour timeframe. It is look like going down and it will give first target at 10600.
ULTRATECH CEMENT AT CRUCIAL LEVEL, 12TH AUGUST NSE:ULTRACEMCO
❇️Ultratech cement at good support level.. recently tested 3 times, now again at same price level.
👉🏻And according to hindenbrugs new and reports.. we can see opportunities
🔗As you can see on chart;
❇️Purple lines are key levels
👉🏻Above one gives you good opportunity to long.
👉🏻And below one give you good opportunity to short.
❇️Other levels are not targets they are a good supply and demand zone were market/stock can reverse or rest (pause). It help you as trailing your SLs /targets
@thetradeforecast
SELL ULTRATECH CEMENT BELOW 11200 | 1200 POINTS FALL?Ultratech cement forming a M pattern which is a bearish one and neck line is around 11220. Sell Ultratech if around 11200 and add shorts if we see bounce towards 11600. We expect to see 10300 - 1000 range in coming months until 12100 is intact.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
ULTRACEMO trend will change This stock will change its trend after reaching my target levels based on my analysis, which are best for today's intraday trading. lets wait and watch !!
ULRTACEMCO BULLISH - TGT 10500-10730 SL 9780Ultratech Cement Ltd. is an interesting chart with following
1. RSI on all time frames DWM above 60
2. Price Crossed above 20 W SMA
3. Narrowing Bollinger Bands on weekly chart
4. ABCD Pattern under formation on weekly chart
5. Both ARS and SRS above zero
Can be a good risk reward with buy on dips and dips only with major support at 9780- 9830 zone and next resistance at 10500 levels
Lets See How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Ultratech long consolidation overUltratech has bullish poll & flag pattern breakout in day candle. observe it. it can give good upside in future. follow the target given in the chart. but clearly 25-30% return expected.
Ultratech Cement - Bullish waveStock retraced and consolidated from fibb 0.614
Expecting wave 3 to cross 13k mark
Strong support at 11500
Getting ready for some big moves
ULTRATECH CEMENT GIVES BRAKEOUT ON DAILY CHART NSE:ULTRACEMCO
ULTRATECH CEMENT GIVES BRAKEOUT ON DAILY CHART
I am buying this stock
Near 11200
Follow Sl 10300
And my Target is 12900+
Risk reward ratio is 1:2
Return 15%
ULTRACEMCO - ELLIOT WAVE 5 IN MAKINGHi All,
This idea is about Ultratech Cement
Mkt Cap - 3L Cr
ROE - 12%
ROCE 15.3%
P/BV - 5.56
MktCap/Sales - 4.7
FCF - 2k Cr
Technicals
Price action being published is on a 1 hour TF. As can be seen by the pattern, Elliot waves are in motion. Wave 1 was an impulsive wave followed by Correction wave (Wave 2).
Ideally Wave 2 should correct to 50-60% as per Elliot theory & that is what happened during Wave 2 formation.
Wave 4 corrected again by 30% and point 4 above point 1 which all points to the validation of Elliot theory.
Wave 5 is about to commence which is as per the theory strongest impulse wave.
Cement Sector as a whole is doing well due to boost in infra sector.
Happy Trading,
Thanks,
Stock-n-Shine
Neat & Clean Breakout In UltraTech Cement.Hello guy's i hope you all will be doing good in your trading and your life as well. I have brought a stock which has given neat and clean breakout on daily and weekly timeframe. Stock name is UltraTech Cement and it is engaged in the manufacturing and sale of Cement and Cement related product primarily in India. Ultratech Cement is the largest cement company in India and 3rd largest cement company in the world (ex-china) and is the largest cement manufacturer in India. It is also the only cement producer outside of China to have 100+ MnTPA of manufacturing capacity in a single country. Its brands include Ultratech Cement, Ultratech Concrete, Ultratech building Products, Ultratech Building solutions & Birla White Cement under which it sells various different products.
Market Cap
₹ 3,11,707 Cr.
Current Price
₹ 10,796
High / Low
₹ 10,909 / 7,941
Stock P/E
44.2
Book Value
₹ 2,086
Dividend Yield
0.35 %
ROCE
15.3 %
ROE
12.3 %
Face Value
₹ 10.0
Industry PE
30.0
Debt
₹ 11,403 Cr.
EPS
₹ 243
Promoter holding
60.0 %
Intrinsic Value
₹ 3,985
Pledged percentage
0.00 %
EVEBITDA
23.7
Change in Prom Hold
-0.01 %
Profit Var 5Yrs
24.1 %
Sales growth 5Years
11.3 %
Return over 5years
18.8 %
Debt to equity
0.19
Net profit
₹ 7,004 Cr.
ROE 5Yr
13.0 %
Profit growth
40.0 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
VIEW ON ULTRATECHBreakout on the stock
Can show a good upside in this series
Target 13000/15000
Stop loss 10700
I am just representing my views
For educational purpose only.
ULTRATECH CEMENT LooooooooooooKS GOOD FOR A SWING TARGET 11691 WITHIN 2 WEEKS
10491 was a crucial resistance which has been broken
The Beast Swing Trade.Hello Traders.
As we can se That Ulrtatech cement & the overall sector is Strongly bullish & the retracement of the best from the highs are done & we have seen a Good pulback.
Swing trade can be planned out on these best levels & RISK REWARD is also very favorable.
Just keep an eye on it or create a Trading alert on Todays highs . Once it has been Crosses then
Bhagwaan hi Malik hai Iska.
Educational Purpose onl
Happy Trading
Prince
ULTRATECH CEMENT LOOKS WEAK | SELL 10900 - 10800Ultratech cement looks weak at higher levels and we expect to see profit booking towards 10000 - 9770 levels. Sell between 10900 - 10800 and hold for targets until 11300 is intact on the upside.
Sell - Between 10900 & 10800
Target - 10000 to 9770
SL 11300
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
ULTRATECH CEMENT weekly update 15/JUNE/24Hello Traders.
The Beast ULTRATECH comes into the action This week.
The Volume as very active & Break the previous few weeks resistance of 10500 & give a Strong Closing.
The BEAST is set to Give some serious returns best for swing trading & time is now for option buying.
Volatility expansion Confirmed by Bollinger Bands & the Band walk has been Started.
RSI Indicates Super bullishness on higher timeframe as Well.
HAPPY TRADING
Ultratech In a Range After Hanging Man Formations.Hello Traders,
As i have said earlier after this candle formation a possibly pause of Momentum could happen.
Let It accumulate in zone & when its out of the box then go for long.
THANK YOU
HANGING MAN THE BEAST ULTRATECHUltratech Cement is in The strong momentum on Daily Chart as RSI indicates > 70 levels.
A HANGING MAN candle formed during the momentum in Red colour.
As stock opens today with 100+ points GAP UP it was just a Retesting the Gap & creating a Support zone.
Overall stock closes in Positive note.
Probabilty indicates the Momentum could pause for some day & Trade into the box.
Once the stock is out of the box. The Positions to build up.
HAPPY TRADING
HANGING MAN THE BEAST ULTRATECHUltratech Cement is in The strong momentum on Daily Chart as RSI indicates > 70 levels.
A HANGING MAN candle formed during the momentum in Red colour.
As stock opens today with 100+ points GAP UP it was just a Retesting the Gap & creating a Support zone.
Overall stock closes in Positive note.
Probabilty indicates the Momentum could pause for some day & Trade into the box.
Once the stock is out of the box. The Positions to build up.
HAPPY TRADING
SWING TRADE THE BEAST ULTRATECHUltratech Has just Broked out yesterday resistance of 11100 & You can go long with thr option buying.
Because buying needs speeds & currently RSI in super bull zone > 70 levels.
SIMPLE TRADING
HAPPY TRADING
Clear Breakout1. After consolidation, fresh upmove expected in the stock.
2. Historical data suggest the stock gives good momentum after breakout.
3. Entry will be above breakout candle high.
4. Stoploss below breakout candle low with a buffer.
Keep Learning,
Keep Trading.
⚠️Disclaimer: The views expressed here are merely personal opinions. Nothing mentioned here should be considered as advice or recommendation.
Please consult with your financial advisors before making any investment decisions.
