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Ultratech Cement Ltd.Ultratech Cement Ltd.Ultratech Cement Ltd.

Ultratech Cement Ltd.

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UCLQF trade ideas

ULTRATECH DOJI STRATEGYHello Guys. When ever the New Trend emerges. Those who are late comers / Confirmed comers like me into the trends will look for. 1. Stock is Creating a zone & waiting in the box. 2. Doji is very interesting candle. If it formed between the move has started , this indicates a Trend pause & will continue once the high of the doji is Breached. 3. RSI signal & higher timeframe signals above 60 levels. 4. Bollinger band expanding. Indicates volatility expansion. 5. Volume expansion on breakout candle Its my own terminology. You can have your Own different. HAPPY TRADING.
NSE:ULTRACEMCOLong
by Princetechnicals
UNLTRATECH CEMENT FORMING A FALLING CHANNEL OR FALLING WEDIGELet’s analyze the chart pattern for UltraTech Cement. The chart indicates that UltraTech Cement is currently forming a falling wedge pattern or a falling channel pattern. These patterns are considered bullish and suggest potential upward movement in the stock price. Here’s what each of these patterns signifies: Falling Wedge Pattern: A falling wedge is characterized by a gradual narrowing of price range between two converging trendlines. The upper trendline (resistance) slopes downward, while the lower trendline (support) slopes upward. As the price oscillates within this wedge, it typically signals a potential bullish reversal. Traders often interpret this pattern as a sign that selling pressure is diminishing, and buyers may step in. The breakout from the upper trendline (resistance) can lead to a significant upward move. Falling Channel Pattern: A falling channel is similar to a falling wedge but has parallel trendlines. The upper trendline acts as resistance, and the lower trendline acts as support. Price tends to move within this channel, bouncing off the trendlines. Like the falling wedge, a falling channel also suggests a potential bullish reversal. Traders look for a breakout above the upper trendline to confirm the bullish bias. Trading Strategy: Based on the chart analysis, consider the following approach: Buy on Dips: Look for buying opportunities when the stock price retraces toward the lower trendline (support). Set stop-loss levels below the support line to manage risk. Target potential upside moves toward the upper trendline (resistance) or beyond.
NSE:ULTRACEMCOLong
by RoG8
Ultratech - At Crucial LevelThe stock price has doubled since June 2022. As per the chart, has been traveling in a rising parallel channel. This time resting at the upper edge. If the price is rejected here, there may be some correction time ahead. One has to decide the entry and exit levels very wisely. This illustration is for learning and sharing only. Not a piece of trading advice in any form. The setup fails if the price breaches the channel above and sustains. All the best.
NSE:ULTRACEMCOShort
by anandlive
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