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...
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...
After Adani group bought ACC and Ambuja cements and became an impact player in cement sector of the country there is a chance of duopoly creation in the cement sector as was seen in the case of telecom sector when Jio entered the segment. Although such extreme duopoly will not be created in cement sector as the other regional cement will continue to operate. There...
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...
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...
ADD AT 8050 SL 7925 , hopefully can reverse from here worth a shot due to decent risk / reward ratio
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* Time Frame: Daily Observation: * Rounding Bottom formation. * Supply Zone Breakout * Swing High Breakout Resistance/Target: 7675 8675 9678 10291 Support: 6402 6060
The 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.
Ultratech 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.
The stock is trading within 300 point range I have mentioned important breakout levels Breaking out of the range will give good momentum Stay alert
NSE:ULTRACEMCO is in process of forming a classical 5 point broadening top pattern. This is typical of a top and prices take a fall once this formation is complete. If many stock form this pattern in a given market then that is a forewarning of a potential bear market. For this patten to come in play, prices should go down and break the lower trend line but if...
we are very bullish on charts of ultratech . 5 days data shows long build up in futures continues. on 1 day views its very neutral. we have long positions in the stock . very bullish. yogesh aggarwal
What You See Is What You Get NSE:ULTRACEMCO
It might break out above weekly inside bar plus triangle on daily timeframe
Ultratech cement is looking very strong and headed towards 7100+ in short term and 7300 in mid term. Watch out for the stock breaking out above 6980 with good volumes.
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