Chart 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
Trend 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.
NSE:ULTRACEMCO SL 4400 on Daily Candle Closing. Target 5200.
Technical 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 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 SL 4180 Target 4450 4700 SELL BELOW 4190 SL 4320 Target 4060 Timeframe 2-3 weeks Trendline breakout with volumes
ULTRACEMCO (UltraTech Cement Ltd) SELL BELOW 4135
ULTRACEMCO (UltraTech Cement Ltd) BUY ABOVE 4300
ULTRATECH (UltraTech Cement Ltd) SELL BELOW 4100
if gap up above 4108, then possible retracement back to 4061 or 4004 If gap down near 4000, easy buy with SL of 25 pts.
The triangle pattern appears in the ultra tech cement, price move below 3881, trend move there direction downside, support area 3366
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.
Riding the up-trend with today's low as the stop loss!