UCLQF trade ideas
Ultratech Cement approaching important Buy Zone.Buy at 3350 - 3400. It has been in range for 2 years now.
And as it is approaching support, all the oscillators are at Oversold zone, good confirmations to go long .
Ultracemco levels for 12-Mar-2020(IntradayBuy above 4040 for 4060,4100,4150
Sell below 3960 for 3950,391
Critical zone - 3960-4040(sideways)
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UltraTech Cement Trend Analysis !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 4-6 times.
One drop before take off ( Possible Expanding Ending Diagonal) When any scrip is analysed , it should be noted and understood before forecasting its next move ,
in My view it has one small drop on current structure basis and then you can expect Next impulse leg up as wave 5
This one visually represents its expanding its structure as its being moved , So it could end up possibly
Expanding ending diagonal which will mark as Impulse wave 1 Based on HTF
One can look for positional trade and can wait for dip to occur for proper entry
And Look to book near the forecast
BUY ULTRATECH CEMENT CO WITH PENNANT FORMATION ON THE TRENDLINECement price hikes will impact the cement companies over a good margin and also the pennant formation breakout would lead to the targets.
ULTRATECH POSITIONAL SELLSELL THE STOCK
WHEN PRICE RANGE 4785 TO 4800 KEEPING SL AS 4900
TGT 4650/4575/FINAL TGT 4450
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
