ULTRATECHThere is another view for ultrateck it is taken support and bouncing back. but first of all we should keep in mind that nifty 50 is bearis or bullish.
ULC14 trade ideas
ULTRATECH S/R Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
UltraTech Cement Approaching Breakout – Awaiting Confirmation!➡️ Resistance at ₹12,091.20 – Awaiting bullish breakout
➡️ Strong ascending trend line support
➡️ Close above ₹12,091.20 to confirm breakout
➡️ Target: ₹12,500+ on the upside
cup and handle formation in ultratechPrice climbing beautifully and formed cup or we can say volatility reducing on down side and increasing on up side so ideally it should move up
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
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.
Cement sector- A duopoly?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 is a chance that the plants of regional companies can also be bought as Ambuja and ACC were bought. So both Ultratech and Adani group cement companies should be looked upon and should be added to our personal portfolio keeping in mind the long term vision of the country. Please do your analysis and share your views in the comment section below.
Hope you like my idea.
Ultratech Cements are gearing up to break all time highUltratech cement finds support near a long-term trend line and consolidates near the Fibonacci retracement. It's likely to break an all-time high in the coming week and go beyond 12500, and 13200 levels.
ULTRACEMCO: Wave ((iv)) Correction and Future ProjectionsTechnical Analysis on Exampled chart of Ultracemco Using Elliott Wave Theory
As always, this analysis is provided for educational purposes only and should not be taken as financial advice. Proper risk management and consultation with a financial advisor are recommended before making any trading decisions.
Understanding Elliott Wave Principles
Elliott Wave Theory is a robust tool used by traders to analyze market cycles and forecast future price movements by identifying repetitive wave patterns. One of the core principles of Elliott Wave Theory is that markets move in five waves in the direction of the main trend (Impulse Waves) followed by three corrective waves (Corrective Waves). These waves are labeled numerically as 1, 2, 3, 4, 5 for impulse waves and alphabetically as A, B, C for corrective waves.
A few key rules and guidelines include:
Wave 2 cannot retrace more than 100% of Wave 1.
Wave 3 is usually the longest and never the shortest among waves 1, 3, and 5.
Wave 4 should not enter the price territory of Wave 1 (in a standard impulse wave).
Additionally, corrective waves come in various forms like Zigzags, Flats, and Triangles, and these patterns provide insight into the market’s corrective phases.
Current Wave Count and Analysis
On the daily time frame of Ultracemco, the price action has been unfolding within an Elliott Wave structure, and as of the latest data, the market appears to be in the process of completing wave ((iv)) in black.
The chart shows that the recent price action likely represents a corrective wave ((iv)), unfolding as an (a)-(b)-(c) structure, where wave (a) has been completed, wave (b) has bounced as a corrective upward swing, and wave (c) is currently progressing downward.
Key Observations for Wave ((iv)):
Depth of Correction: The retracement level of wave ((iv)) typically spans between 38.2% to 50% of wave ((iii)). The current retracement indicates that wave ((iv)) could find support around these levels, aligning with typical Elliott Wave corrective behavior.
Equality of Waves (a) & (c): One common characteristic within a Zigzag pattern is that wave (c) often equals wave (a) in terms of length. This potential equality provides a target zone for the completion of wave ((iv)).
Retracement of Wave ((iii)): The analysis of wave ((iv)) should also consider the Fibonacci retracement levels of wave ((iii)). A significant support area is found near the 50% retracement level of the prior wave ((iii)), which could act as a pivot point for the next upward move.
Potential Outlook for Wave ((v))
Once wave ((iv)) finds its completion, the next expected move is an upward swing as wave ((v)), which should unfold in an impulsive manner. Wave ((v)) often represents the final thrust in the direction of the trend and is typically characterized by strong momentum and breadth.
Characteristics of Wave ((v)):
Extension: Wave ((v)) may extend, particularly if wave ((iii)) was relatively short. In such cases, wave ((v)) could push the price higher than expected, sometimes exceeding the previous high established by wave ((iii)).
Fibonacci Projections: A common target for wave ((v)) can be projected using Fibonacci extension levels of waves ((i)) through ((iii)). The 61.8%, 100%, and 161.8% extension levels serve as potential price targets.
Volume and Momentum: Increased volume and momentum usually accompany wave ((v)) as it represents the final push in the direction of the prevailing trend. Traders should watch for any divergences in momentum indicators, as they often signal the end of the impulse wave and the start of a corrective phase.
Conclusion
In summary, the analysis suggests that Exampled chart of Ultracemco is likely completing wave ((iv)), with potential support zones emerging as the market corrects. Following the completion of wave ((iv)), the price is expected to rise in an impulsive wave ((v)), targeting new highs. However, it's crucial to remember that Elliott Wave analysis involves multiple possibilities, and traders should consider these insights as part of a broader trading strategy rather than standalone advice.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors 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...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Review and plan for 23rd July 2024Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
ULTRATECH CEMENT S/R for 15/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
Go long - swing pick- this stock shows signficant delivery percentage value
- possible chances for accumulation
- may perform good in upcoming days
- this stock is picked after market close based on delivery qty data.
- follow this stock for next 5 days , if entry not triggered with in 5 days , ignore pick
- line marked in chart is the day it showed huge delivery percentage.i consider it as signal candle.i marked its high and low
entry
- go long with 1:1.5 RR
- take entry if 15min close crosses the line , ignore entry if it made gap ups
- i prefer entry with in 5 days , if not triggered ignore this pick
sl
- candle close below signal candle's low
target
- keep 1.5 times of sl.
ULTRACEMCO Chart for StudyElliote wave has been completed
now consolidation period
please view on next move ?
Flag N Pole Pattern BreakoutUltracemco is broken out of flag and pole pattern and may give a good long run in the coming month.
Entry: 10,200
Stoploss: 9800
Targets: 11,100 & 12,000
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.
sell at zone ~ intradayexpecting small fall from the zone . look for confirmation inside zone in smaller tf.
- good for intraday trade
- entry is strictly inside the zone
- SL is day close above zone
- for target draw fib retracement from C to latest swing high , use 0.236 fib as tgt 1 (safe place for intraday), 0.382 as tgt 2 (risk takers).
- don't trade , if u didn't get selling confirmation inside zone
- if day close is above this zone , this pattern becomes invalid , ignore this pick
ULTRATECH CEMENT GIVES BRAKEOUT IN DAILY CHARTNSE:ULTRACEMCO
ultratech cement gives brake out on daily chart
Buy 10330
Sl 9970
Target 11150+
time Duration 1 month
Ultratec CementBest Support available @9709 on hourly chart basis. first target is 10200
brokerages suggest to accumulate from CMP 9778 for a target of 10790 on 6-May-2024
Fundamentals are good and delivered good quarterly results.. forecast on infrastructure boost the cement industry up.
May need to roll over the MAY Future Positions to June and July
ULTRACEMCONSE:ULTRACEMCO
Good stock trading in range
Rsi>55
Volume is also average
All Moving Average showing buy
Buy if start trading above range
Target- 10155/10308/10507++++
#7 - ULTRACEMCO 15MOne of the best opportunity we got in the #ULTRATECH CEMENT 15-minute chart using the Eagle Signal Pro v2 indicator.
Got green Buy Signal at 2 pm on 25th Apr and Today at 12.45 pm hit the target.
One of the best long trade opportunity last week.
But unfortunately missed that trade, only could watch the winning
