ULTRACEMCO | AnalysisChart explains it all.
-Ascending triangle with a desceding channel within, pointing to a short term target of 3650 before a retrace.
- Will Update when required.
-Kautilya.K
ULTRACEMCO trade ideas
Expiry Strategy: Sell 3700 Call @15. Lot size 200Trend continued to be negative as 20 day EMA stays below 50 day EMA. Recently found a reversal below 38% retracement level. Expect it would expire below 3700 level in Apr series. Sell 3700 Call.
Ultratech Cement - Bearish Bias - Short at current levels.Ultratech Cement - Bearish Bias - Short at current levels.
Long ULTRACEMCOTechnical analysis on FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits / losses what so ever.
Long ULTRACEMCO above 4638 SL: 4615 TGT 4723
long view on ultratech cementlong for short term 4800
mid term 5200
long above 6000
note: this is investment view and view on weekly basis ,
education purpose
ULTRACEMCO buy above 4330 and Sell below 4190ULTRACEMCO
BUY ABOVE 4330 SL 4180 Target 4450 4700
SELL BELOW 4190 SL 4320 Target 4060
Timeframe 2-3 weeks
Trendline breakout with volumes
802. w2 buy zone at 3973 to 4004if gap up above 4108, then possible retracement back to 4061 or 4004
If gap down near 4000, easy buy with SL of 25 pts.
Ultratech Cement The triangle pattern appears in the ultra tech cement, price move below 3881, trend move there direction downside, support area 3366
Ultratech about to crash and handle into a head n shoulder .Ultratech completing a nice handle to a big cup from feb 2019.
i guess the govt stimulus for reality sector will come after the fall in these industries .
fundamentals line up wit the technicals .
target is early 3000s.
cheers.
ADAM AND EVE IN PLAYIf you are beginner then this stock have formed a very neat textbook bullish pattern known as Adam and Eve.
Google to see the target range for such pattern and if you need any help then feel free to dm me.
All the best!
Resistance breakout - long/shortif next candle stick breakout upwards - go for long or if next candle stick breakout downwords - go for short.
