UCLQF trade ideas
ULTRACEMCO CMP 4642ULTRACEMCO CMP 4642
TARGETS 4690 , 4710 , 4775, 4800 , 4900
APPROX. DURATION 8 DAYS
ULTRACEMCO is currently into symmetrical triangleYou can watch this counter. ULTRACEMCO is trading inside a symmetrical triangle chart pattern on a weekly chart. We should get a valid breakout within two or three weeks.
I have marked the best long and short entry position(s) on the chart. Currently, I am neutral on ULTRACEMCO.
Ultratech Cement (ULTRACEMCO), NSESymmetrical triangle breakout on daily chart as well as the price crosses 200 days simple moving average.
Ultratech- Finally closed above the breakout line...Expecting strong up move till 4500 in short term
Ultratech cement ULTRACEMCO buy setupBuy ULTRACEMCO at CMP 4470+ and on dips upto 4400
T1: 4850
T2: 5100
T3: 5500
SL: 4120
Ultratech CementSustaining 4420 - 4450 will make the price to move towards 4500, 4560, 4610 and 4660.
Triangle spotted in UltracemcoI will wait for its breakout/breakdown
I am hoping an easy move of 5% in direction of breakout
ULTRACEMCO, Idea for Profit 03-Jan 2020ULTRACEMCO has given solid breakout from triangle pattern. Cemant sector was bullish today which helped this breakout. It has next resistance at 4285-4290 level. Once this resistance is crossed, do initiate long trade both intraday & positional.
