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
*Everything is mentioned on the chart. I hope it is easy to understand.
*Don't jump in to trade at the beginning of the market. let it get settle for 5 min 15MIN first and judge price action.
*Avoid gap up or gap down chase. Wait and trade between level.
Note :Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at...
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...
