ULTRARECH CEMENT Has formed an inverse head and shoulder patter.ULTRATECH CEMENT has formed an inverse head and shoulder pattern and it is about to give a breakout after that we can plan for an entry.
ULTRACEMCO trade ideas
#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.
Preparing for inverted HnSThe scrip is in inverted HnS and Left Shoulder and head is formed, Now the scrip is bouncing back with double bottom and breakout. in daily chart and hourly chart its trading above resistance of double bottom breakout.
keep the stock in radar.
Testing the treandline/neckline with Inverse head and shoulders In weekly timeframe, there is an Inverse H&S pattern formed from Feb'22 till now..
it looks good in consolidation btw 5200-6900 range by taking historical support treandline at head bottom.( EMA 20/50/100 is around shoulder bottom -- ~6400 as immediate support too)
So, this month would be key to get sustain around neckline and breakout towards 8500 range for next 6-9 months.
Note: this is just educational purpose and not for recommendations at all.
Classic Chart Pattern.Ultratech Cement - Gave a breakout of this kind of inverted head & shoulders pattern but but but, with no volume confirmation. You can yourself look at the next candles now.
ULTRATECH CEMENT LIMITED - KEEP IN WATCHLIST 📊 Script: ULTRACEMCO (ULTRATECH CEMENT LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY COMMODITIES
📊 Sector: Commodities, Construction Materials
📊 Industry: Cement & Cement Products
📈 On a weekly chart stock has given trend reversal signal on 20th June 2022 and started moving towards its resistance zone which is 6915.
📈 In future candle is giving closing above 6915 one can take swing trade on ULTRATECH CEMENT LIMITED.
📈 MACD is already in crossover.
📈 Double moving average is moving towards crossover in future.
📈 Right now RSI is around 57.
✅Entry above 6915
🟢 Target 🎯🏆 - 7600
⚠️ Stoploss ☠️🚫 - 6614
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
UltraTech CementUltratech Cement has formed beautiful inverted H&S pattern. ABC correction is completed and wave 3 is in progress now. Looking strong for a good long position.
Reverse head and shoulder pattern Long setup above price 6863
TARGET 7613
Reverse head and shoulder pattern is formed entry above 6863 view short term
ULTRACEMCO Sell~~~ CPM 6459 Targets~ 6349, 6235ULTRACEMCO look like double top.. maybe we can see down site 6349, 6235 level in coming days
Fibo Level and bearish harmonic pattern and also give short signal
Sell
CPM 6459
Targets~ 6349, 6235
Ultratech CementThe stock is trading within 300 point range
I have mentioned important breakout levels
Breaking out of the range will give good momentum
Stay alert
ULTRACEMCO - Cup & handle formationULTRATECH CEMENT - smoothed cup & handle formation.
Good bullishness possible above supply zone.
Ultratech Cement India Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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ultratech cement ultratech cement has retested its neckline of H&S we can buy puts for 5200-400 sl 5900 daily candle on sustaining basis
Ultracemco bearish pattern It’s my personal viewpoint, I could be wrong. So please do your own analysis before making any decisions.
Ultratech cement cub brake outUltratech cement cub brake out
Ones brake the line go to sell side
2:1
Ultra tech downside limitedIt can be a possible double bottom with a falling wedge in weekly chart. RSI divergence seen...This fall can be trap to buy bottom..
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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!!
#ULTRACEM - Stuck at resistance UltraTech Cement has rallied fantastically after the recent crash, and has now approached a decisive price zone.
Today's closing is not strong, which happens to be at its resistance level. Any further loss in strength will bring the price down in the next few sessions.
If it manages to break the current resistance with a good volume and strong day close, we will see the continuation of the current rally.
Upward momentum will push Ultratech cement furtherUpward momentum will push Ultratech cement further
ULTRA CEMCO ULTRACEMCO - Inverted pennant breakout
Good volume flow today. One can go long with a strict SL of today's low.
Expected targets - 6655 & 6800.
ULTRATECH CEMENT WAVE ANALYSISultratech cement completed wave 2 zigzag correction and getting ready for huge upside 3rd wave.DISCLAIMER;this is my view if price patterns change i will also change my view.
