Major 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.
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
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 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
ultraech 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
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...
NSE: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...
Hello 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 Investing
Hi 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...
