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

Ultratech Cement Ltd.

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UCLQF trade ideas

Ultratech Cement - Flag PatternUltraTech Cement is trying to break the flag-pattern. Once done we can expect the price to move to 12500+. Pls see my other charts to see the breakout. Other factors: 1. Volume is steady 2. RSI will move up gradually, and once we see it moving above 60, stock can be super bullish 3. MACD is also becoming positive and as the price breaks out, we can see it becoming positive.  4. Fundamentally stock is doing good, highest TTM sales and profit. Overall as well, we can see cement sector picking up with new infrastructure developments / projects "Clean Charts, Easy Charts" Learning & Earning!! Cheers!!
NSE:ULTRACEMCOLong
by Cleaneasycharts
#ULTRACEMCO #RisingWedge long needs to be cautious Ultracemco on weekly timeframe (although weekly closing is pending) is forming a rising wedge pattern and suggest that longs here need to be very cautious or start booking/trailing the profits. Rising wedge pattern can be both a bearish continuation and bearish reversal pattern, when it is accompanied by declining volume it is a deadly combination and a clear signal for trend reversal or bearish trend continuation. There is clear divergence of price and volume visible in charts where the rise from Jan'23 lows to until now hasn't seen increase in volume. Bulls need to protect 6990 level on weekly closing basis to avoid activation of this pattern otherwise there is high probability of this setup getting activated and giving some pain to bulls here and 15-20% correction post breakdown can come. Rising wedge patterns offer very low risk/high reward ratio and often they don't need confirmation of the breakdown as well as the target price which is generally placed around the bottom of the start of the trendline is achieved very fast. This is not a buy or sell recommendation and just an educational post.
NSE:ULTRACEMCOShort
by aktradelearning
Positional_ UltratechNamaste! 1. Ultratech looks good for a positional/swing trade. 2. Entry price and Stop Loss is marked on the chart. If the stock open gap up, then limit order at the entry price will be placed. 3. This trading idea is only valid till next 4 trading sessions. If entry doesn't execute till then, it will be cancelled. 4. Target can either be booked at 3 times reward, or can be trailed at a low break of high breaking green candle. And be ready for a gap down in Nifty on next trading session (as SPX closed in red more than 2% last day). Disclaimer: The views expressed in this article is of my own. You're solely responsible for any decision taken in the markets, resulting in financial gains or losses. The analysis I've shared is for informational and educational purposes only.
NSE:ULTRACEMCOLong
by UnknownUnicorn7637383
Q&A_ When to sell Ultratech?Namaste! I often wonder why do retail people and even institutions sell when the stock has been already fell. Why didn't they sell when the stock was rising? I follow a simple principal. Either sell it at a profit or don't sell. Anyways, In the weekly chart of the ultratech, you must have noticed the circles I've drawn. These circles represent the price as well as volume candles. Rising prices should mostly be supported by the rising volumes. But in this case, the volume is falling. This can be a fake-breakout. And the number 3 is very strong indication. This isn't the 1st time for Ultratech. The stock has proved the above statement two times previously. Opinion to investors: Well, investors should never sell any stock they own. This isn't limited to this stock, but to any stock. But, if you were planning to add more (buy more) shares, you can wait for a correction. Opinion to traders: Well, you can trail your stop loss to either Rs 6510 or Rs 6584. Again, both the prices has importance of their own, so don't get excited for the high SL price. The first price is based on the weekly candles and second is daily. Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Investment does not guarantee a fixed return due to volatile nature of markets and may result in a loss. Please do your analysis and/or consult your financial advisor before investing.
NSE:ULTRACEMCO
by UnknownUnicorn7637383
1
Bullish breakout on weekly chartA strong V-shaped pattern has formed, showing a quick recovery from recent market lows with a clear increase in positive momentum. What makes this setup special is the careful consolidation right at the breakout zone for a significant amount of time. This extended consolidation has led to a definite positive breakout. In simple terms, we're seeing a combination of technical factors: a powerful V pattern, a strong bounce back from the lows, and a careful consolidation before a breakout that's clearly positive. For experienced traders, it's a good idea to keep a close eye on this situation because it might indicate a coming positive trend. It's important to pay careful attention to key support and resistance levels to confirm and strengthen trading decisions based on the current market situation. Best of luck with your strategic and successful trading efforts!
NSE:ULTRACEMCOLong
by nsdtrading