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
Ultratechanalysis
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.
Missed Breakout of Ultra CementUltratech 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 position sizing to ensure you stay on track towards your goals. While analysis is valuable, it’s important to acknowledge that it may not always yield the expected results. Be prepared to adapt if things don’t go as planned, and maintain a resilient mindset throughout your journey.
Ultratech heading down .?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 stock is very bullish
Disclaimer : This post is meant for education purpose do your own research before risking your account
ULTRATECH CEMENT- PATHWAY TO 12K AS PER WEEKLY WAVE COUNTSThe largest and most prosperous cement company of India- Ultratech Cement is expected to have more upside of 30-40% from current levels as the weekly wave counts suggest.
To put it in very simple words without using too much of Elliot wave jargon, the next leg up is unfolding now which can be projected going somewhere closer to 9200.(the current wave structure technically should be labeled as 1-2-I-II-i-ii-iii-iv-v, which is simply read as Wave v of Wave III of Wave 3).
The inner rising channel boundaries can be used as a pathway until the bigger wave 3 does not complete.
I hope the chart is self explanatory and would not require too much of decoding as to what i am trying to convey.
Note*- this is not a buy/sell recommendation. this post is for educational purpose only.
ULTRA UOS Set to Explode 100% gain possibleATTENTION ALL CRYPTO GAMERS!!! Best gaming chart right now!
ULTRA UOS is a Gaming platform launching their Gaming Market Place April 25th, just announced 3 days ago, already has started to Rip. This chart is on the weekly, feel free to download it to your TradingView, we'll follow together. I see points of intrest $0.50c and $0.70c
I see All indicators pointing North on the Weekly, 5 day, 3 day, 2day, and daily. BBWP measure volitility, and is coming off extreme lows, and crossed above the moving average on the weekly, the STOCH is breaking the 50 mark and RSI has plenty of buying room for 2-4 more wwkly closes, just crossed the 50 mark and Straight up into the bullish control zone
Trending closes Above the Top Bollinger Band, on Daily thru 5Day , may retrace to the next top of Bollinger band, If weekly closes above the top band.
Also First Chance for a Weekly close above the Bottom Gaussian Channel band. IF... closes ABOVE Bottom Gaus Band then most likely free ride to median band of Gaus Channel, Follow Air Krown Crypto Channe l on YouTube for more about Gaussian Channel and BTC.
Next if UOS closes above middle Gaussian Band, then ride to the top at about 0.70c a 100% gainer in a few weeks, would be about right from April 8th Today, to April 25th Release date, then a Pull Back to the median on the weekly, where ever it may be at that time, as a retest.
Not advice, but Ultra is Going Places, and Gaming is Recession proof proven during Covid
UOS went from 0.08 to $2.47(ATH) in last bull run a 29X , this bull run with deminishing returns of 20X I can see a $6.00 Ultra token, at least HKEX:5 , high end HKEX:10
Play with the Chart a $6.00 Ultra is on the FIB at 2.618, very possible in a bull run
Posted to Verasity and Gala followers as well, all Crypto Gaming will benefit!
Check out this Medium article on Ultra and Whats coming April 25th
medium.com
Ultratech Cement 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 chart with Stop-loss and Targets
Chart pattern flag n pole breakout on daily time frame
Macd in daily positive crossover and Uptick and also above zero line
Macd in weekly positive and Uptick
Rsi in daily above 60 uptick
Rsi in weekly uptick and also above 60
Upper BBC in daily
Dmi adx also positive
RK buy signals
Most traders treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you....!
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
I am not responsible for any kind of your profits and losses
Please consult your Financial advisor before trading or investing
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!!
Is It Right Time To Buy/Sell Ultratech Cement Share…. ?Is It Right Time To Buy/Sell …. ?
Welcome To This Analysis About Ultratech Cement, We Are Looking At The Daily Time Frame Perspective. As I Discovered Recently In My Analysis Is Ultratech Cement Reached/Trading Nearest There Diagonal Support, And Price Finding Support At Its 50-day Exponential Moving Average And As Looking At My Chart We Can Watch There Ultratech Cement Is Within This Main Ascending Triangle Formation When Ultratech Cement Stock Has Reverse From This
Support level Then It Has To Continue Bullishly..
But Another Side On Ultratech Cement, Head And Shoulder Pattern Are Looking At The 4 Hrs Time Frame , So There Will Be Chances To Break Down Its Support Level And It Has To Continue Bearishly..
So At This Movement There Will Be More Chances To Ultratech Cement Continue Its Bullish Trend But We Can't Deny To Price Follow Its Bearish Swing So At This Movement My Prediction Is :-
Ultratech Cement Buy :- If Share Price Pushies Up To & Sustain Above Upper Horizontal Line Level 6736, Then It's Most Probably Go for - 6954 (Resistance Level) Our Profit Booking Zone is Between 6925-55 Price Level. And Stop Loss For This Trade Are 6600.
Ultratech Cement Sell :- If Share Price Pushies Down To & Sustain Below Lower Horizontal Line ( Fig-2) Level 6671, Then It's Most Probably Go for - 6544 (Support Level) Our Profit Booking Zone is Between 6599-6544 Price Level. And Stop Loss For This Trade Are 6764.