ULTRA TECH CEMENTMonthly / Weekly & Daily ascending triangle pattern
Trying to come out from supply zone
Continuous Hh & Hl
But volume not support if it then
7440 / 7500 / 7575 ENTRY (daily base closing)
7780 / 7900 / 8000 EXIT
UCLQF trade ideas
Sector leader giving positive signs1. 37% correction post a bull run
2. low cheat trend line broken and retested
3. build up
#Ultracemco cash : Looks good above 7310.10#Ultracemco cash -Posiitonal for 2-3 days
19.03.2023
Looks good above 7310.10
Stoploss 7260
Target 7380-7400/7480
Cmp 7290
ULTRATECHIt may take support here as the stock is in uptrend first expectation is that it will continue the trend. Let it take support and then let it give low risk entry point then enter. If it is not coming then let it go..
Inverted Head & Shoulder in Ultratech CementInverted Head & Shoulder in Ultratech Cement (SL on 15 min. candle close)
Buy above 7299
SL 6005
Target : 7968, 8657
CMP 7215 @ March 03, 2023
Chart by CA Savita Rehlan
ultratech inverted head and shoulder pattern inverted head and shoulder pattern. strong upside if breaks neck line.
wait for breakout
Ultra tech cement SELL for 27-28 Febin.tradingview.com
There has been some liquidation on the charts and OI has increased around 6% indicating a short build up hence initiating a SELL 7175 levels. Although this trade should be taken keeping in mind nifty is at oversold levels and can witness a sharp shortcovering spike anytime during the day.(27th Feb 2023)
dark cloud coverits find dark cloud cover in ultra tech its bearish trend this stock can come down to near about 7000 its good chance to short current level.
ULTRATECH CEMENT: A LEADING DIAGONALTheory:
DIAGONAL:
Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1.
Properties Of Diagonals:
Diagonals can be contracting or expanding type being expanding diagonal a rare one.
In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2.
In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2.
Types Of Diagonals:
LEADING DIAGONAL
ENDING DIAGONAL
LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern.
ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal began.
TRADING STRATEGY:
Plan A: Buy with SL of 7147 and look for the upside target of 7600/7800
Plan B : Sell in the region of 7800-7900 keeping SL of 8150 and look for the downside targets of 7050/6600/6400
buildup and ready for upmove1. base formation post volatile break down
2. range ~ 7000-7300
3. yearly RS breakout
4. attempted breakout backed by volumes
5. recent swing low 6600
trade
1. break of base consolidation with close
C&H BO in progress- Gave BO from a Inverted H&S
- Consolidated above the neck line
- Volatility contraction before BO (Hourly candle closed above the resistance)
- Increase in volume.
Disc :- Not a buying recommendation, I am not in it yet.
Ultra Cement ready for a bull runThe cement stock is building positive momentum, all the EMA are inline at 30 min TF.
Once the resistance line is crossed, the stock may not give chance to entry at expected level.
After todays .25 % hike. There is no negative news expected in the market soon.
The above impact is already absorbed in the market.
Take you own decision and consult your financial advisor.
I am not SEBI registered
ULTRACEMCO BO- 1st the stock gave a BO of a HnS formation and then fell below the Neck line with good candle and volume, and Hit the SL of the Buyers' and trapped the sellers
- Now again giving BO of with with fully engulfing the Previous candle
Ultratech CementGood technical pattern under formation. Once the triangle breaks on the upside there can be target of 11000. All the cement companies shares are doing good except ACC & Ambuja which are under pressure due to other reasons. Hence, It will be good to take this bet as whole sector is performing there are higher chance of breakout but for safety perspective SL has to be kept and that can be kept near 6600 levels.
ULTRACEMENT- LONG~The information given in the chart is for the educational purpose only.
~Do your own analysis before investing.
TECHNICAL PICK ULTRATECHULTRATECH cement is consolidating in a triangle pattern on hourly time frame chart so if it will break falling trendline resistance then we will go for a buy for the given targets above and if it will break support then we will go for a sell for the targets given below.
BE A HERO ALWAYS ✌🏽✌🏽✌🏽✌🏽
ULTRATECH CEMENT CHART ANALYSISUltratech Cement after breakout its Ascending Chart Pattern trying to sustain above Levels but not get Sustained and get major or Agressive SellOff
If ULTRATECH cannot hold 6850 Support we can see further down move untile next support which is 6100 approx
KEEP AN EYE ON IT….!!!!!
ultratech cement elliot wave analysis #harishraoytultracement complete 5 wave up side and 2 or 4 trendline break confrim start correction
ULTRATECH Ready for a BULLISH RALLY??!!!Chart does show indications for the above opinion .
1. Inverted Heads and Shoulders pattern (both daily and weekly time frame shows it clearly)
2. Cup & Handle pattern in Daily time frame
3. Entry only after a Breakout above the pink trendline !!
4. 1st Target can be depth of cup nearly 900 points.
5. After achieving the target of cup & handle, we can move on with H&S target.
Strict Stoploss must be day candle closing below the breakout candle low.
Note: Just sharing my view...not a tip nor advice !!
Ultratech buy opportunitylet's wait for a green candle here and we can see an upside target up to 8-10%
ULTRACEMCO near resistance Price is facing difficulty to go beyond 7250-7300 levels since December. Looking at the option chain 7200 CE for 25 jan expiry has highest open interest, trading at a premium of 140. 7350 becomes an important level from the option chain perspective as well. Overall this will tell you the behaviour of stock at various levels.
