Ultratech double breakout ultratech is moving in a Rising parallel channel and also retesting the symmetrical triangle
huge buying is coming in it
buy @ 8370-8380
SL - 8045
target - 9075
Risk reward ratio - 1:2
time - 2 months
ULTRACEMCO trade ideas
Ultratech cement again ready for 8600+ big moveFor all trade on my Auto Harmonic patterns indicator trade setup -
Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail our SL if trailing SL hit exit from long trade and initiate sell trade ,
EXPECT 8% RETURN FROM INDIA's LARGEST CEMENT PRODUERSNSE:ULTRACEMCO , risking 1.5% in a stock is a good setup to trade, buying at the price of 8150 and making 8050 or 10 points below is the stop loss for the trade, expect the recent ATH to be the target. CHECKOUT SOME PREVIOUS ANALYSIS TO GAIN THE CONFIDENCE TO TRADE.
ultratech cement 1d time frame channel breakout buy @ 8461.70ultratech cement 1d time frame
channel breakout
buy @ 8461.70, target @ 8620, 8649, 8712
risk reward 1.5
its just a view trade @ your own risk
sl@8285
A Breakout stock from Cement sector with low risk. ULTRATECH looking very bullish from CEMENT sector. It's reached to All time high breakout with triangle pattern. Looking very attractive.
Bullish Breakout in UltraTech CementPrice was in solid uptrend from last few months and started consolidating in a range from past few days.
Today the price brokeout of that range and closed above it with a good volume as well.
I expect price to continue to rise further atleast till 8930.
Entry can be intiated at CMP.
Stop loss below the low of breakout candle.
Ultratech CementUltratech cement at resistance with previous high of 8269 if sustain above this , good move expected
Buy, if price closed above Rs 8269-8270 with SL of Rs 8079
Tgt -----
If fails then wait for Sell side for few days.
ULTRATECH CEMENTMake rising wedge chart pattern in 4 hour time fram , price is at 52 week high , take break out at resistance level and make retest at that level , take support of 50 EMA , MACD line and histogram also saw fair value for bullish way so first Target will be 9174.75 and stop loss will be 7825.55
This is for educational purpose not a trading advice so that's my view comment down your view 🤗
ULTRATECH CEMENTUltratach Cement Ascending Triangle pattern was formed and inverted head & shoulder is active in this pattern.
ULTRA TECH CEMENT Ultratech Cement is the largest cement company in India and 3rd largest cement company in the world (ex-china) and is the largest cement manufacturer in India It is also the only cement producer outside of China to have 100+ MnTPA of manufacturing capacity in a single country , formed inverse Head and shoulder pattern , above 10 , 21, 63 , 100 , 200 EMA , looking bullish.
Refer targets marked in the chart - recommended for longterm
Market Cap ₹ 197,633 Cr.
Current Price ₹ 6,845
Stock P/E 29.7
ROCE
14.3 %
ROE
15.2 %
Debt
₹ 12,876 Cr.
Pledged percentage
0.00 %
Debt to equity
0.25
Reserves
₹ 51,197 Cr.
Price to book value
3.83
Int Coverage
10.2
PEG Ratio
1.35
Upgraded cement analysisHello traders I hope you are doing well.today I am going to share you ultratec cement analysis
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 @ 5450
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.
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.
Ultratech Cement (Short):Ultratech Cement (Short):
Buckle up, we are ready for the dive.
Note: Do your own due diligence before taking any action.
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
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 level
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.
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 7480
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.
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 BUY
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
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
