UCLQF trade ideas
Ultratech - Towards 9000 ?As you can see the stock is traveling in a range that is forming a rising parallel channel. If does not breach the lower side of the channel, we can anticipate the price to move up to 9000.
This setup fails for the time if the price breaks down of the lower channel support.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
Ultratech - Positinal SetupIt is clear from the charts that the stock is trading in a parallel channel. yesterday's price was rejected from the upper resistance. if the pattern continues, it should come down to the indicated levels.
The logic behind entering here is a good risk-reward ratio at the moment.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
ULTRATECH CEMENT trend analysis.NSE:ULTRACEMCO
Ultra Cemco is been moving in a uptrend and now it is consolidating in a tight range.
The Structure has formed a lower high and if the previous higher low is broken then the new lower low will occur and trend change its direction.
on the upside, the last 3 days' candles need to break and be closed above cause they are showing a good rejection from upside.
all-important levels are marked on the chart.
Comment your Doubts and views.
Keep learning
Happy Trading.
Falling wedge pattern breakout in ULTRATECH CEMENTULTRATECH CEMENT LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Falling wedge Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 8565+.
✅Can Go Long in this stock by placing a stop loss below 8140-.
Rising Wedge Pattern Breakout in ULTRATECHCEMENTULTRATECH CEMENT
Key highlights: 💡⚡
✅On 1 Week Time Frame Stock Showing Breakout of Rising wedge Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 9660+.
✅Can Go Long in this stock by placing a stop loss below 7350-.
Ultratech Cement Wedge Breakout (Long)On 4 hrly chart a Wedge Breakout is visible
Volume is high on the breakout candle
Levels Around 7845 may be tested before upward move indicating sl (white horizontal line)
Short Term Target is 8274.7 (yellow horizontal line), Targets can be increased further later , depending on the candle.