Upgraded cement analysisHello traders I hope you are doing well.today I am going to share you ultratec cement analysisShortby honesttrades_0Published 110
Short Trade on Ultracemco 1. Rejection From Support Zone 2. Narrowing Channel, Rejection from Upper Channel Break will confirm further action Watch out level at 7000 & 64000, Rejection here means SL to BE or Partial Book. Final Target @ 5450Shortby RawtiRamanPublished 110
ultratech updateIn my earlier analysis I did not take time factor into account. Decline is inevitable however it may take 3 to 5 months. Not a good stock for investment purpose. All the best Happy trading.Short02:13by maneeshsinghhighPublished 112
Ultratech Cement ShortNSE:ULTRACEMCO Strategy: Short The cement manufacturer saw a 36% dip in their consolidated net profit to Rs 1,666 crore for Q4 ended March. Those who bought early, it's a perfect time to book profits. For new entry wait till the price come to the green rectangular box i.e. the ideal buying zone. Never trade a short without a stoploss. *Not a financial advice to buy or sell. Only speculations. My charts speaks louder than words. I'm a chartist and I paint charts.Shortby TradeTacticPublished 1
Ultratech Cement (Short):Ultratech Cement (Short): Buckle up, we are ready for the dive. Note: Do your own due diligence before taking any action.Shortby selvimohanPublished 0
44 ma 44 ma support Good entry point Proer stop-loss Target is just for swing treandline breaks and you earn more if you want to hold Longby PrakharmishraTechnicalPublished 0
Ultratech cement short swing trade after good upmove its is making perfect shoet trade according to the 5 ema and before result it gave good move maybe profit booking can come from this levelShortby siddharthkolanPublished 2
ultratech cementMajor ABC corrections are going on. We are in wave B which is coming to an end and AN ENDING DIAGONAL PATTERN is on the charts which appear at the time of sharp reversal.Short07:38by maneeshsinghhighPublished 448
Ultratech can breakout head and shoulder Head shoulder pattern is visible on charts and if stock break below 7220 target will be 7145 and 7060 If stock break above 7335 target will be 7380 and 7480Longby Devthakur723Updated 3
ULTRATECH CEMENT 4HR NSE:ULTRACEMCO Formation of triangle pattern in kotakbank, 1687 is act as strong support, it may bounce towards upside from here. if broke the level then have a more chance it will fall rapidly.by Trader_jagutigerPublished 1
ULTRACEMCO: BULLISH VIEWUltracemco Looks Bullish when compared to Nifty's Performance since few weeks. Making Higher Lows, and positive divergence w.r.t Nifty Can put in your watchlist for BUYLongby NikunjBangadPublished 1
Ultratech Monthly Anylys 9-3-203 Buy over 7825 closing for 9785 Ultratech Monthly Anylys 9-3-203 Buy over 7825 closing for 9785 sl on prv monthly / weekly lower break by vivekvthakkarPublished 1
ULTRATECH in range can give breakout PREMPTINGultraech cmp 7175 sl 7040 target 7300 : 7530 price fall after result now retrace and consolidating in range. try to fall again but support strong at 7050 on closing basis therfore can break upside keep position sizing in control market highly volatile breakout has been tested very hard Longby satyam15Updated 2
A THREAD :BASICS OF HAMMER CANDLESTICK FORMATION (PATTERN). What Is a Hammer Candlestick? A hammer is a price pattern in candlestick charting that occurs when a security trades significantly lower than its opening, but rallies within the period to close near the opening price. This pattern forms a hammer-shaped candlestick, in which the lower shadow is at least twice the size of the real body. The body of the candlestick represents the difference between the opening and closing prices, while the shadow shows the high and low prices for the period. KEY TAKEWAYS:- Hammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow. The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price. The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small. The lower shadow should be at least two times the height of the real body. Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation. Understanding Hammer Candlesticks A hammer occurs after the price of a security has been declining, suggesting that the market is attempting to determine a bottom. Hammers signal a potential capitulation by sellers to form a bottom, accompanied by a price rise to indicate a potential reversal in price direction. This happens all during a single period, where the price falls after the opening but regroups to close near the opening price. Hammer should look similar to a “T.” This indicates the potential for a hammer candle. A hammer candlestick does not indicate a price reversal to the upside until it is confirmed. Confirmation occurs if the candle following the hammer closes above the closing price of the hammer. Ideally, this confirmation candle shows strong buying. Candlestick traders will typically look to enter long positions or exit short positions during or after the confirmation candle. For those taking new long positions, a stop loss can be placed below the low of the hammer’s shadow. Hammers aren’t usually used in isolation, even with confirmation. Traders typically utilize price or trend analysis, or technical indicators to further confirm candlestick patterns. Limitations of Using Hammer Candlesticks :- There is no assurance that the price will continue to move to the upside following the confirmation candle. A long-shadowed hammer and a strong confirmation candle may push the price quite high within two periods. This may not be an ideal spot to buy, as the stop loss may be a great distance away from the entry point, exposing the trader to risk that doesn’t justify the potential reward. Hammers also don’t provide a price target, so figuring what the reward potential for a hammer trade is can be difficult. Exits need to be based on other types of candlestick patterns or analysis. Psychology of the Hammer :- As we have seen, an actionable hammer pattern generally emerges in the context of a downtrend, or when the chart is showing a sequence of lower highs and lower lows. The appearance of the hammer suggests that more bullish investors are taking positions in the stock and that a reversal in the downward price movement may be imminent. The long lower shadow on the hammer candlestick indicates an effort to continue the price’s downward trajectory, but the higher close represented by the real body indicates that the sellers were ultimately unsuccessful in holding the price at its intraday low. The price’s ascent from its session low to a higher close suggests that a more bullish outlook won the day, setting the stage for a potential reversal to the upside. Hammer Candlestick Pattern:-📈 How should you trade with this pattern to take entry at lowest levels? 1.⛏The hammer candlestick is found at the bottom of a downtrend and signals a potential ( bullish ) reversal in the market. ⛏The hammer candle has a small body, little to no upper wick, and a long lower wick - resembling a ‘hammer’. 2. 🔨Hammer candle can be of any colour – It can be either of Green or Red colour. 🔨The lower shadow should be at least two times the height of the real body. 3. Psychology; This candle pattern indicates that the price dropped to new lows, but subsequent buying pressure forced the price to close higher, hinting at a potential reversal. The extended lower wick is indicative of the rejection of lower prices. 4. Reversal signal :– Entry for Bulls: It indicates the rejection of lower prices. When found in a downtrend it could signal the end of selling pressure and begin to trade sideways or reverse, after confirmation such pattern can give the best entey to play reversal. 5. Exit signal:- For Bears:- Traders that have an existing sell position, can view the hammer candle as an indication for reversal and they can take exit to existing sell position. 6. Confirmation is important : Entry in any trade should be taken only after the confirmation. Fomo of entering into a trade without any confirmation can trap you in a wrong trade. 7. Stoploss: Once entered into any trade after the confirmation, stoploss can be placed below the low of hammer candle. Traders, if you liked this thread , write in the comments. I will be glad. by Jha_NidhiPublished 16
Inverse head and shoulder pattern on Ultratech Cement chartsNSE:ULTRACEMCO Formation of inverse head and shoulder pattern Current Price - 7237 Target 1 (diff from left shoulder) - 7650 - remaining upside 413 (5.7%) Target 2 (diff from right shoulder) - 7825 - remaining upside 588 (8.1%) Stop Loss (low of last candle) - 6863 - downside risk -374 (-5.1%) Disc - invested, for educational purpose only. by shridharrathiUpdated 2214
ultratech ULTRACEMCO - Confluence of shark harmonic accompanied by mother candle breakdown An immediate target of 6500 is eminent here.Shortby Ganand1912Published 1
longside tradewhen its break privious high ,you can take trade on long side ,take trade when it retest and follow up on upside . it is only for study purpose .Longby vivekloharPublished 0
ULTRATECH CEMENTUltratech cement is gives breakout in upper side it can go up to 7550 by xmrx99Published 1
ultratech cementultratec cement put=7000 sl=7300 tp 5200 longb tream entry Shortby choudhary1225prakashPublished 4
ULTRATECH CEMENTHello and welcome to this analysis Stock continues to make higher highs and higher lows with rounding bottom formations each time. In the short term it looks set for a flag breakout. Upside possibility till 7500 and 7900 as long as 7050 is not broken. Good risk reward set up as it build momentum Happy InvestingLongby Dinesh_C_NagpalUpdated 1125
Reverse head and shoulder pattern This stock of weekly chart formed by a head and shoulder pattern and Breakout .by MayakrishnanArjunanPublished 13
ULTRA Cement Triangle Breakout StrategyHi Friends, As shown in the chart the stock made an triangle pattern. The pattern break their upper resistance level and returning for support at same level. An entry possible with Stoploss of near 6800 and profit target till 8605 (Maximum Width of the triangle pattern). The Reward/Risk also ratio greater than 3 which is good sign of the entry. A cross confirmation also done with the help of RSI and same as shown in image.Longby amittveerPublished 117