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.
UCLQF trade ideas
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.
Ultra-tech rallies as NIfty infra started to moveNSE:ULTRACEMCO
Ultra tech can be a leader in the Nifty Infra rally So eyes are on it.
ULTRATECHULTRATECH - Mother candle formation
entry - wait for weekly close above 7299
Target - 360 Points
SL - AVWAP
Ultratech Cement: Inverted Head and Shoulder breakout
Ultratech Cement ( NSE:ULTRACEMCO ): Inverted H&S in weekly chart
Trade Plan:
Cash :
BUY at CMP.
Add more at 6900
Place SL at 6615.
Revise the SL at 7350 when share touches 7650.
Further, if share breaks out 7800, tighten the SL to 7600.
Book long at 8000.
Option :
1. Naked Call Buy : Ultratech 7300 Jan-25 call option at 100, with SL:65, T: 150.
Lot: 100 shares. (So calculate the risk also if you want Options).
2. Bull Call Spread :
BUY 7200 Jan-25 call.
SELL7800 Jan-25 call.
Breakeven is 100 point upwards with 1:3 RR. Margin: 25k.
ultratech looks strong in weak marketplace gtt at @7057 leveI. iam not personally interested, because it is a slow mover. stop loss 1%>
Best Swing To Trade Ultratech Cements Hello Everyone, Today i am back with a wonderful share to swing Ultratech Cement as you can see that there is a Inverse Head and Shoulders and a Slanting Channel which is a very bullish sign, destroying the chances of bear as the Retest is also complete and stock has moved up also. Now coming to targets so if we take the target of the channel it is 7980 at 12% Profit From here and if we take the target of Inverse Head and Shoulders it is 8571.95 at 20% Profit From here. This is just an opinion and do it on your own or by asking your financial advisor.
ULTRACEMCO option 7200 call sellPrice reach at supply zone
Entry executed ( option 7200 call sell )
Follow risk management
Journal your each trade
Thank you
ULTRACEMCO - Swing Trade + Head & Shoulder patternThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis
ultra cement bullish long for enteramazing breakout happen i have booked profit and and be focus on profit
