Source of the Downtrend is the Monthly Supply Destination is a Fresh Demand that has formed in multiple timeframes. Also we see that the candles in the chart have gone away from the Moving Average and whenever Price goes away and reacts to a Supply it then retraces till the latest Demand. Here we have separated the Demand and Supply Equilibrium into 5...
Technical Analysis on Exampled chart of Ultracemco Using Elliott Wave Theory As always, this analysis is provided for educational purposes only and should not be taken as financial advice. Proper risk management and consultation with a financial advisor are recommended before making any trading decisions. Understanding Elliott Wave Principles Elliott Wave...
Ultratech Cement has broken out of a rectangle pattern, also known as a Darvas box. I missed the entry opportunity, so I will wait for a retest of the support level, which was previously resistance. If I see any bullish candle during the retest, I may enter. Also look at the consistency of earnings and revenue. Always prioritize risk management and proper...
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NSE:ULTRACEMCO ultratech cement gives brake out on daily chart Buy 10330 Sl 9970 Target 11150+ time Duration 1 month
Is Ultratech heading down after touching all time high. ? This stock has be consolidating from past 2-3 months and now finally gave the breakdown with good volume , But wait is it sustainable.? 10000 now looks like strong resistance for this stock and looks like it will further go downwards till 9316 and 9040 as per the fibs retracement level . But over all...
ULTRACEMCO - Has a Very tight Squeeze and if there is any BO to the upside we could expect for an Continuation of the rally. This can give a move of 4-6% in a couple of week - IF THERE IS A CLEAR BO WITH HIGH VOLUME'S
The largest and most prosperous cement company of India- Ultratech Cement is expected to have more upside of 30-40% from current levels as the weekly wave counts suggest. To put it in very simple words without using too much of Elliot wave jargon, the next leg up is unfolding now which can be projected going somewhere closer to 9200.(the current wave structure...
NSE:ULTRACEMCO , risking 1.5% in a stock is a good setup to trade, buying at the price of 8150 and making 8050 or 10 points below is the stop loss for the trade, expect the recent ATH to be the target. CHECKOUT SOME PREVIOUS ANALYSIS TO GAIN THE CONFIDENCE TO TRADE.
Ultratech Cement (Short): Buckle up, we are ready for the dive. Note: Do your own due diligence before taking any action.
Ultracemco Looks Bullish when compared to Nifty's Performance since few weeks. Making Higher Lows, and positive divergence w.r.t Nifty Can put in your watchlist for BUY
Ultratech Monthly Anylys 9-3-203 Buy over 7825 closing for 9785 sl on prv monthly / weekly lower break
Ultratech Cement is looking in a good momentum on up side, also it has done breakout of flag n pole chart pattern in daily time frame along with good intensity of volume, along with trend indicators confirmations, overall it looks good candidate to go long, all the key levels are mentioned in chart with Stop-loss and Targets. All the key levels are mentioned in...
The Scrip is breaking out from a Cup & Hadle pattern and weekly chart the stock is breaking out from a Inverted HnS pattern. keep this in radar.
Ultratech Cement . Higher Low formation will be confirmed after breakout of 7060. Supported by Inverted Head & Shoulder Pattern. Medium Term Targets : Green Line Stop Loss : Red Line
a stock is ready for the breakout of reverse head and shoulder pattern on the charts of ultratech cement. And there is a huge buildup near the neckline area. Buy Between 6900-7000 and keep a stoploss of 6650 for the targets of 8000-8200.This stock is above all the important exponential moving averages.
ULTRACEMCO cmp 6893 An IHS pattern can be seen, Above neck line, tgts can be 7800/8500 Vedang :) Chart is for Study purpose only!!!
Providing Weekly Support and Resistance levels for next coming week based on Central Pivot Range and its major support & resistance levels of week, where price can take support and face resistance. Three black lines indicating weekly Central Pivot Range. Previous week high & low also performs as a major support and resistance levels. Can take long & short...