UCLQF trade ideas
UltratechLeader of the India cement pack. Ultratech cement at 200EMA. Every other big cement company faced resistance at the 200EMA and couldn't cross it.
Could this be sectorial weakness?
If Ultratech falls below it'd be worth shorting stocks from this sector.
ps: ACC, Ambuja, Shree, Dalmia Bharat all couldn't cross 200EMA.
UltraTech Cement - ConsolidatingSell below 3910 with the stop loss of 3960. Targets are 3860. 3810, 3760 and 3700
LOOKS GOOD TO SELLWe can see a momentum shift signal from top, first learn how to trade price action and then you can also trade withount any indicator.
ULTRACEMCO weekly chart studyULTRACEMCO is now at an interesting phase. Currently week candle is below 200 Week SMA. We are seeing this after almost 9 years
We need to see if ULTRACEMCO is going to bounce back above its 200 Wk SMA or fall towards 2450-1900 levels.
ULTRACEMCO bulls might get some relief if it closes at least above 3430 (if not above 200 Wk SMA at 3560) by Friday market close.
ULTRACEMCO | HEAD AND SHOULDER | SHORTEDUCATION PURPOSE ONLY
STOCK NAME - ULTRACEMCO
PATTERN - HEAD AND SHOULDER
ENTRY - 3463.25
TARGET - 2548.25
STOP LOSS - 3528.63
RR RATIO - 1:14
www.kiranjadhav.com
Ultratech LONGultratech cement made narrow range 4 as well as narrow range 7 with insider candle on daily chart as well.Also we can see that there is flag pattern on daily chart so Above 3800 it can zoom to 4100 level with stop of 3700..
Short Ultra Tech Cement for target of 3600Short for the target of 3600 on 16th October 2018. Today's bearish engulfing pattern on the daily chart suggest that still the bears are in control to the price. But the current price is at the same zone from where the last time it has shown the upward move. The positional and swing traders can wait until we can see the price moving at least 5% above the current level for the fresh buy.
On 16th October 2018, the intraday players can short it for the target of 3600.
Downturn likely to end in UltraTech Cem. Short for target 3600After the cycle of downward movement, the price of Ultratech cement is on the same place from where it has started the rally last time. But the today's Bearish engulfing pattern suggest that still the bears are in control and the price seems to be hovering around the same zone for some time until the bulls try to take the price up for another rally. So, positional and swing traders can hold the breath until we saw price moving at least 5% above the current level. Tomorrow on 16th October, we can see the price tasting the 3600 level. So, intraday players can short it for the target of 3600.
Ultracetech cement is in Distribution phaseUltracetech cement is in Distribution phase.
When it will broke lower support then will start mark down process.
good candidate for short when it will be in mark down process
Ultratech Cement Buy in SIP wayGo long with Ultratech cement with SIP mode buy 5 to 10% on every Decline or buy on every next support level
UltraTech Cement - Weak!Sell below 4040 with the stop loss of 4070. Targets are 4000, 3970 and 3930.
UltraTech Cement structure break or Not?ULTRACEMCO break previous structure Keep watch and wait for the retestzone the previous structure then enter the trade
Ultratech Cement Long term view from monthly chartBreakout done in monthly chart. Target given as per breakout condition. Stoploss not given. Choose depend upon your financial wealth.
Vijayaraghavan.K
Kovilpatti.
