ULTRATECH BEEARIS CYCLEAs see the chart
DMA 6500 will soon visible on screen & level will not maintained then show more down
if Before earning 200 DMA touch the aggressive will down
DISCLAIMER:
I'm not a financial advisor. This is based on my personal opinion and research on stocks. Use at your own discretion.
UCLQF trade ideas
UltraTech CementUltraTech Cement H&S Breakout Given.
Head to neckline distance approx 1600 points.
Taking support at Green Trendline.
Breakout given above red resistance line and yellow neckline.
Wait for Breakout above pink resistance line and retest it as support or neckline as support.
UltraTech Cement
Buy 6800-6850
SL 6725
Tgt 7270-7535-7720-7900
These are my personal views and are for Educational purposes & paper trade only. Please analyse yourself also and consult your financial advisor before investing.
UltraTech Cement - Retest of head and shoulder patternCurrently, UltraTech Cement is trading over its strong support zone, which previously served as a resistance area.
We can see that the price has come back to test the head and shoulders pattern's breakout & we can see Selling Volume is getting Exhausted.
On the chart, I have drawn a red trendline. Planning a buy trade is possible if trendline breakouts occur.
for volume analysis "Wave Volume Divergence" Indicator has been used.
My analysis is solely for study purpose; I am not a Sebi registered individual.
If my analysis proves useful to you, please like it and follow me on TradingView for more analysis like this.
ULTRACEMCO - Consolidation & Breakout Setup (Intraday)ULTRACEMCO has broken its long term resistance at 7050-7100 and for last 2-3 days have been consolidating. This has breakout zone of 7310 which is also minor resistance from past.
This is good Intraday opportunity above 7310.
Thanks
Piyush Gupta
Learn & Earn
Breakout of inverted head and shoulder in Ultracemco.Ultra tech cement giving a break out of head and shoulder pattern on the higher time frame.
The stock on the weekly time frame has given a breakout of the inverted head and shoulder pattern with good volumes.
On daily time frame, the stock is halting on the higher levels. The stock as also formed an inside candle on the daily time frame.
3 point confirmation.
1. Inverted Head and shoulder pattern break out on weekly time frame.
2. Inside candle on daily time frame.
3. High volumes on the break out.
The stock can be bought for a long term as the targets will be also carried on the weekly time.
For intraday targets smaller time frames can be preferred.
Stock options for next month expiry can be carried for swing/positional trades as the stock start trading above 7300 levels.
Targets :- 7522, 7728
Stop loss :- 7100
Wait for the price action near the levels before entering the markets.
Weekend pick: UltratechChart -> Ultratech Cement Weekly
An inverse head and shoulder breakout in Ultratech Cement.
CMP: 7237
Targets: 8080 and 8950
Good range: Around 6760
SL: 6130 weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Ultra Tech Cement : +35% Upside Potential30 Nov 2022 UltraTech Cement
Stock BO today with volume after 1 month of sideways movement
In Play : HH-HL
Summary
- Stock faked BO on 21 Nov to the lower side
- BO with Volume
- TL BO : Confirmed
- Above POC
- Text Book Head & Shoulder Pattern
Conclusion
- CMP 7077
- Long Positions can be initiated
- 7280 level can act as strong resistance
- Higher targets could be around
• Short Term – 7280/7500
• Long Term – 8193/8911/9332
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat