ultratecha flag breakout with heavy volume , chart suggest a upmove till 4075, buy with 3820 sl for 4000+ level
UCLQF trade ideas
Bearish CYPHER - ULTRACEMCOBearish Cypher is about to complete on ULTRACEMCO. Wait for pattern to complete for entry.
Trade:
Short Entry: 3860
Target: 3550
Stop: 4090
Happy Trading!!!
Stock Practice: ULTRACEMCOSELL ON RISE 3340-3500 TGT 3200-3100 SL 3500
NOTE: No recommendation for buy/sell.
Ultratech cement-long setupUltratech cement-Price taking support nicely at 233 DEMA. Can it reach the previous gap zone of 3798 which is also a Fib .786 retr of sep high. Stops can be placed around 3630. Time duration 10 days
Breaks the falling trend line & the massive res lineprice should retest the next res line
target 3842 & stoploss 3480
ULTRACEMCO : Entry opportunity* 61.8% Fibo retracement of previous rally
* Trading near weekly Ichimoku Cloud
* Oversold momentum; potential rebound
* Target 3600
* SL 3015
Bearish set up- Ultratech cementat resistance and RSI over bought also divergence can be seen.
one more good sign is gap... really good setup with bearish guarantee
Cement sector opportunitiesUltratech has lost 25% of its value in the past two months due to the demonetization impact. I am long on this stock since fundamentally it is a good stock but in the short medium term it will see some selling pressure. With a P/B of 4, these current dips presents good buying opportunities.
Technically note the strong support at 3100 and 2600 levels for this stock and weakness in the RSI indicator. It may be an opportunity to keep adding on dips like it is seen currently.
Ultratech Cement - support level - Could bounce backOn daily chart its been observed that Ultratech Cement is trading at support level. Gap up open and closing on positive side on this level make it suitable for bounce back to higher levels. Lets see !
Target1 - 3300
Target2- 3350
SL-3080
ULTRATECH CEMENT - BREAKS SUPPORT AGAINIt is been observed on Daily chart that the price action breaks below another support levels indicating high pressure of selling and Sellers control over price action. It shall further move down
Target 1: 3040
Target 2: 3000
Stoploss: 3125
Ultratech - Reversal on cardsAfter sustained selling pressure from 3800+ in last few days, formed a Bullish Harami today. RSI rebounded from around 20 levels. 3100 has been a strong support since last few months.
Can be longed for an immediate target to 3600 in next few sessions.
ULTRACEMCOULTRACEMCO Looking berish after breakdown in Uptrend channel now ultratech may correct minimum 100-200 points from here.
Ultratech Cement turned into bearish trendUltratech Cements after its long up trend journey broke at 3921.00 and stock seems struggling for upward movement but has been unable to breakout upward and trading downward since last week and retraced to 38% of fibo level and approaching to crucial 50% level 3410.00, traders may enter short in this stock for target of 3410 to its near term support, alternatively if market open green it may retest 3980.00 the resistance before going downward.
UltraTech Cement BUY near 3935?If this trend line is valid then can Ultratech Cement be bought at around 3935?
