ultratech cement
breakout with high volume and new impulse could be started ( 3rd wave ) and EMAS positive
weekly- macd uptick above zero line
weekly- RSI is above 60
daily- RSI is above 60
daily- ADX is looking strong
ULTRACEMCO trade ideas
Ultratech coment asalyas for 7 and 8th of FEBNSE:ULTRACEMCO
Ultratech coment asalyas for 7 and 8th of FEB
ULTRATECH CEMENT WAVE ANALYSISULTRATECH CEMENT has completed double combination complex correction since from august 2021,the upside rally has started,powerful wave 3 should start from monday towards 8500 level. DISCLAIMER:this is my view if price patterns change then i will also change my view.
ULTRACEMO - LONG @CMP 7660Swing Idea:
NSE:ULTRACEMCO - LONG @CMP 7660
Entry -> 7660
SL -> 7395
TGT 1 - 8000 (R:R = 1.3) - Time frame -> 1 month
TGT2 - 8200 (R:R = 2.05) - Time frame -> 1-2 months
TGT3 - 8800 (R:R = 4+) - Time frame -> 4-6 months
Reasoning:
- Stock moving in a channel since 1+year.
- Stock moving on lower end of channel with good consolidation
- On the verge of breaking triangular pattern
Caveats:.
- Can go below channel on global cues, and pandemic news. Shake-up possible.
- Earnings coming up in 3 days, could be a make or break situation
Classic broadening top formation in Ultratech CementNSE: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 that doesn't happen then there is nothing to worry ;-)
UlTRATECH Cement RSI - 68.93 which is good
1st Target - 7918
2nd Target - 8037 & New Highs :)
Suggestions:
Safe traders to Exit once it reach the 1st Target 7918 - as it would reach 70 RSI which would be over bought Zone - and would see a slight down trend & has good support at the given levels
Risk Takers: Can wait for higher levels :)
Breakout of triangleUltratech has just BO'd from the chart pattern ( you don't want to jump into the trade right away, but watch for little while), and before that it tested the S&R at a zone ( marked by rectangular zone) and started moving up..good for 10-15% move..This is an idea, not a recommendation.
update on ULTRATECH CEMENT scriptULTRATECH CEMENT is at current price of 7441.80
current price is above all moving averages , bullish crossover done in MACD an in RSI its above 40 and below 55 .
all sign showing this stock to can move more upside from current price ..
can take a fresh position here and maintain a stop loss of 7310 .
Ultra tech cementHarmonic pattern is accepted so given level buy now nd sell a abov trget
#ultratech
#Cement
#NSE
#nifty50
ULTRATECH CEMENT DAILY CHART Trading at channel support . 7460 big hurdle if crossed then 7530 in intraday and 7780-7800 positional tgt
ULTRACEMCO is Ready for up TrendULTRACEMCO is Ready for up Trend, We can buy above 7475 for upper targets
Ultratech cementBuy @ 7400
Stoploss 7200
1st target 7700
2nd target 8000
3rd targrt 8400
NSE:ULTRACEMCO
ULTRACEMCO Bullish Trade is Activated1st Target = hour timeframe trendline
2nd Target = 7604
Final Target = 8058
ULTRATECH CEMENT SHORT SELL ULTRATECH CEMENT CMP 7335.75 NSE Short Sell Swing Trade
Broken trend line support in down side
Sell Entry 7274
Stop-Loss 7665
Target /profit booking 6560
200DAY EMA 6550-6600 at it may work as bounce back zone, If it failed to hold stock may fall further to 5275
ULTRACEMCO ::: BUY :::DATE: 04 OCT 2021
INSTRUMENT: ULTRACEMCO
TREND: BUY
TYPE: POSITIONAL.
TIME FRAME: DAY
CMP: 7515.60
BUY ABOVE: 7633
STOP LOSS: 7483
TGT 01: 7816.05
TGT 02: 7920.25
TGT 03: 8038.80
RISK DISCLOSURE:
We are not S E B I registered analysts. VIEWS EXPRESSED HERE ARE FOR OUR RECORD PURPOSES ONLY. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
Ultratech cementUltratech cement trend reversal. Stock is expected to go on positive direction. Target is 8000+.
Up move degree 1 completed5 wave up move completed, expected to retrace to 38.2% of entire move. NSE:ULTRACEMCO
ultratech structure making weak structure...ultratech cement cmp 7661
made inverted cup & handle pattern, will find next immediate supported at 7550/00..
also in same time frame...it is making depending triangular pattern...
Ultratech cement making weak structureultratech cement cmp 7661
made inverted cup & handle pattern, will find next immediate supported at 7550/00..
also in same time frame...it is making depending triangular pattern...
