Get started

Ultratechcement

ULTRATECH FUT BEARISH VIEW at closing price on 6th Jan 2025Here I am sharing my views on Ultratech Cement Futures Chart. A) There is a STRONG SUPPLY ZONE at 11,800 - 11,900. B) There is Mild to Moderate Demand Zone at 11,400 -11,300. C) RSI with SMA: In today's trading session RSI crossed it's 50 mark level and turned bearish - RSI is now below it's SMA (Bearish) D) If we observe today's candle properly, we can sell initial rise towards supply zone and price corrected sharply from mentioned supply zone, thick body and short wicks adds weakness in Ultratech Cement Chart. E) prices may hold at 11,400 - 11,300 levels, once this level is broken we can see sharp decline towards next Demand Zone, which is also our Target. F) Target 1: 11,400 -11,300 Target 2: 10,800 - 10,650 This is only my attempt to predict Ultratech Cement, I do not recommend trading or investing based on above study.
NSE:ULTRACEMCO1!Short
by sharescomplex
1
Beginning of a DUOPOLY - Great OpportunityUltratech cement has approved an acquisition of 8.69% stake in Star cement for Rs 851 crore. As mentioned earlier in my post of August 26 that their is a possible chance of creation of duopoly in the cement sector after Adani's entrance in the sector it has been adamant after looking to the aggressive acquisitions made by Ultratech and Adani group. Till now Ultratech cement has taken stakes in Kesoram industries, India cements and Star cement while Adani Group has taken stakes in Ambuja, ACC, Sanghi Industries, Penna Cement and Orient Cement. As we know that Greenfield projects are limited due to limited natural resources, production capacity can only be increased and dominance can be maintained by acquiring small companies. Because of this tug of war share prices of small companies have surged significantly. Star cement has given a return of 40% in 2024. It's present capacity is 7.7 MTPA and plans to increase the capacity to 25 MTPA by 2030. Cement sector is going to be exciting in the coming years. Do keep a track and be updated about the sector.
NSE:STARCEMENT
by ronak16125
ULTRATECH A SLIGHT CORRECTION N 3:1; 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 major parts: 1. VH : Very high on the curve. 2. H : High on the curve. 3. M : Middle on the curve. 4. L : Low on the curve. 5. VL : Very Low on the Curve. Now as Trader our Job is to Buy Low & Sell High; So let's check for a confirmation in the lower timeframes. Price went Up Respecting Daily Demands until it reached Monthly Supply; After reacting to the Monthly Source Supply Price has violated a Daily Demand; As we have a Daily Demand violated we see a downward momentum has just started; So until Fresh Demand which is @ Rs. 10526.00
NSE:ULTRACEMCOShort
by WavesandZones
Ultratech may make not ultra but mild upward moves. UltraTech Cement Ltd. is a holding company, which engages in the manufacture and sale of cement and cement related products. Its products include ordinary portland cement, portland blast furnace slag cement, white cement, and ready mix concrete. UltraTech Cement Ltd. CMP is 11301.90. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, Book Value per share Improving for last 2 years. The Negative aspects of the company are high Valuation (P.E. =46.5), PE higher than Industry PE, MFs decreased their shareholding last quarter, Declining Net Cash Flow : Companies not able to generate net cash. Entry can be taken after closing above 11380. Targets in the stock will be 11524 and 11707. The long-term target in the stock will be 11893 and 12096. Stop loss in the stock should be maintained at Closing below 10922. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:ULTRACEMCOLong
by Happy_Candles_Investment
Ultratech Cement ShortNSE:ULTRACEMCO Strategy: Short The cement manufacturer saw a 36% dip in their consolidated net profit to Rs 1,666 crore for Q4 ended March. Those who bought early, it's a perfect time to book profits. For new entry wait till the price come to the green rectangular box i.e. the ideal buying zone. Never trade a short without a stoploss. *Not a financial advice to buy or sell. Only speculations. My charts speaks louder than words. I'm a chartist and I paint charts.
NSE:ULTRACEMCOShort
by TradeTactic
#ULTRACEMCO Weekly Major Support & Resistance Levels.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 positions according to how price perfoms at particular given support & resistance levels.
NSE:ULTRACEMCO
by Jha_Nidhi
Ultratech Cement Trend AnalysisA clear downtrend though profits increased 48% YOY and company declares Rs. 38/- dividend. Today's big volume spike shows retail traders jumped in because of positive news, sadly they got trapped. Its better to stay away from this now. Still bearish continuation is shown by strong bearish divergence in RSI. Accumulation zone is around 4600-4800 levels. Short term swing opportunity with a target of 7000 (49% ROI) Medium term swing with a target of 8250 (75% ROI) Stop loss not required because of strong fundamentals. Those who are looking for long term positional trade can also buy at the accumulation zone mentioned. Do your own due diligence before placing any trades. Peace!!
NSE:ULTRACEMCO
by Swastik24
1