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.
ULTRACEMCO trade ideas
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.
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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..
Utratech Cement India Sun Storm Investment Trading Desk Present's: SSITD Portfolio of the Week Series
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USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: I am not a financial advisor, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
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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.
CORECTION, Short on RiseUltratech Cement seems completed its 5 wave impulse move and now its in corrective phase. A and B of the corrective phase is completed and C is in progress which can end at 6230 which is 38.2% retracement of the 5 wave impulse. This correction could be of lower degree of a higher degree correction, means after completion of this correction we can see one more correction.
ULTRATECH : CMP 6980 Best levels to buy at current levels....for target 8250+ till December with SL 6600
ultratech cement
breakout with high volume and new impulse could be started ( 3rd wave ) and EMAS positive
weekly- macd uptick above zero line
weekly- RSI is above 60
daily- RSI is above 60
daily- ADX is looking strong
Ultratech coment asalyas for 7 and 8th of FEBNSE:ULTRACEMCO
Ultratech coment asalyas for 7 and 8th of FEB
ULTRATECH CEMENT WAVE ANALYSISULTRATECH CEMENT has completed double combination complex correction since from august 2021,the upside rally has started,powerful wave 3 should start from monday towards 8500 level. DISCLAIMER:this is my view if price patterns change then i will also change my view.
