Ultratech cementUltratech cement trend reversal. Stock is expected to go on positive direction. Target is 8000+.
Ultratechcement
Ultratech Cement | Ascending triangle breakout Ultratech cement has given a breakout from its ascending triangle formation on 12th July 21. Although the volume isnt good enough, one can enter while the previous resistance is tested. 1:3 reward can be the target as it is an all time high breakout. stop loss under the break out candle (6840). Target 7890.
Sharing this for educational purpose only
Ultratech : Potential Breakout CandidateIt might break out above weekly inside bar plus triangle on daily timeframe
ULTRATECH CEMENT.ULTRATECH CEMENT BUY ONLY ABOVE 6600 WITH TRAILING STOPLOSS 6250...
PRICEWISE CORRECTION IS COMPLTED BUT TIMEWISE IS REMAINING...BUT GOOD TO BUY AT CURRENT LEVELS FOR 3-6 MONTHS
Ultracemco All the key levels are mentioned in chart with Stop-loss and Targets
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
LONG OPPORTUNITY IN ULTRATECH CEMENTREASONS -
1) TRADING NEAR THE ALL-TIME HIGH.
2) HIGHER TIMEFRAME TREND IS UP.
3) WE FOLLOW THE TREND.
4) PULLBACK/DIP TO REJECTION HAPPENED RECENTLY ON A STRONG KEY LEVEL.
5) ALSO TOOK SUPPORT FROM ICHIMOKU CLOUD ON H4 TIMEFRAME.
TRAIL TO COST WHEN R:R - 1:1
KINDLY TRADE AT YOUR OWN RISK.
GOOD LUCK ^^
R-0220 Sell ULTRACEMCO @3783.3-3789.30 SL 3854 TGT 3672Intraday Cash Sell ULTRACEMCO @3783.3-3789.30 SL 3854 TGT 3672
MACD cross over + cloud break down + break crucial support 3783 next support 3660 GO SHORT
UltraTech Cement price at Supportprice flipped the resistance and now trading above .
we need good bounce from this zone when market open , if we bounce from here ready to buy below 4050
will enter at retest only
Ultratech Cement Trading Setupprice can touch the lower support if this support hold and sustain than we can see a good uptrend in this stock
if support not hold than we can go down from here
ULTRATECH CEMENT | ANALYSISIt seems to be forming a bearish bat now that the resistance at 3666 has been broken.
- I'm long from here until the red box. Where i will go short till 38.2% retrace.
ULTRACEMCO | AnalysisChart explains it all.
-Ascending triangle with a desceding channel within, pointing to a short term target of 3650 before a retrace.
- Will Update when required.
-Kautilya.K
