USHA MARTIN USHA MARTIN - Wolf (elliot) wave
Confluence of wave 1 & wave 4 indicates a strong resistance at 143 levels.
So 143 remains our short term target.
NOTE - Wave length calculated on the basis of Fibonacci.
USHAMART trade ideas
Long on Usha MartinObservations:
1) Sell volume has dried up
2) Pocket Pivot buy triggered on Daily Time frame
3) Support taken at 200MA.
4) CE and XTrend positive.
5) QQE mod on green
Conservative Trader can wait for pullback and re-enter. Target 160 levels are previous resistance.
Break-out and retestThis one has retested it previous high pre-breakout. View is invalid if it closes below 98
Disc : Not a buy/sell recommendation. Not holding.
USHA MARTIN - Nice ConsolidationUsha Martin is ready for breakout after in nice consolidation in market downtrend
VCPVCP action.
Missed pivot buy.
Bough back at 94.8 next day on retracement.
Inside day breakout (closing) will give boost to momentum.
Usha Martin moving to 67 cmp 48Chart formation looks strong for medium term 3 to 9 Months
Do your research before investing
Flag FormatiionFlag formation after rectangle break out with decent volume. Risk reward in favour, look out for the flag break out...
watch for resistance breakout in USHA MARTIN1. horizontal resistance
2. lower supportive trendline
3. higher lows pattern
4. rsi convergence
5.volume starts increasing
levels:
risky traders = buy above 59.55
safe traders= buuy above 61
stop loss= 55.5
target= 64 for intraday
this can be taken for swing trade also;as it is making cup and handle pattern on daily time frame
let us see how the things move in coming days
Usha Martin, go longBuy: 56
Target 1: 70
Target 2: 90
Cup and handle with strong fundamentals.
I am NOT a SEBI registered advisor or a financial adviser. Any of my investment or trades I share by me are provided for educational purposes only and do not constitute specific financial, trading or investment advice. You should discuss your specific requirements and situation with a qualified financial adviser.
USHA MARTIN LONGMONTHLY AND WEEKLY RSI ABOVE 60 SHOWING STRONG MOMENTUM
STRENGTH SHOWN IN RELATIVE OUTPERFORMANCE TO THE BROAD MARKET
BULL FLAG PATTERN EXPECTED TO BREAK TO THE UPSIDE SUPPORTED BY A MDRP UP SIGNAL ON RSI
ENTER @ CMP
INITIAL STOP LOSS 49
TRAIL WITH ADAPTIVE ATR OR SUPERTREND ON 120 MIN TIMEFRAME
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Risk Disclosure
DISCLAIMER: Futures , stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures , stocks and options may fluctuate, and, as a result, clients may lose more than their original investment. The impact of seasonal and geopolitical events is already factored into market prices. The highly leveraged nature of futures trading means that small market movements will have a great impact on your trading account and this can work against you, leading to large losses or can work for you, leading to large gains.
If the market moves against you, you may sustain a total loss greater than the amount you deposited into your account. You are responsible for all the risks and financial resources you use and for the chosen trading system. You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor.
All trading strategies are used at your own risk.
USHAMARTIN - Multi-year Breakout and Re-test | Weekly | Swing The above analysis is done purely based on Price action and Popular chart analysis.
The analysis is done on weekly time frame and hence it may take price a couple of weeks to few months to reach the target.
Entry can be made between range - CM to 50/-
SL will be below 36 for safe traders and risk taking traders can put SL below 44-45.
Target is shown in image itself.
Don't run after the price, and always trade based on your study.
Maintain proper risk management.
Also check out my other ideas based on multi-year breakout and other price behaviour.
Feel free to comment or message me for any kind of queries.
Usha Martin - Breakout on Monthly chart Usha Martin - Breakout on Monthly chart. Bought as a long term investment. Targets/Stop loss as shown. Keep trailing as per your time horizon and risk appetite!!
USHAMART(IN)USHAMARTIN looks too good formed Head & Shoulders Pattern Targets could be 91,106
Hldng period 6mnths to 1year
USHA MARTIN CMP 45Chart pattern is very bulling and long term chart is simply amazing. Once can look at it for medium term to make quick bucks
Target: 70/100/140
Time Frame: 3/9/12 months
Stop Loss: 39(Weekly Basis)
Usha Martin - MACD Crossover + VolumeUsha Martin is looking good, two main dates to watch (Mentioned in the chart)
MACD Level crossing up signal line
Breaking Trends
Good fundamentals / Improving (minus some structure changes)
Volume is good
My target is upside of 20% in short term
Time to buy Usha Martin in NSEUsha Martin r retesting it's upper support line after traingle breakout Buy at CMP 31 SL below 29 RS tgt above 45 ++++++
Usha Martin Price Action analysis for Short termBuy If RSI increases with price breaking the Yellow Lines
1st Target 37.20
2nd Target: 38.80
3rd Target: 40 Plus and sell at Peak
Stop Loss: 32.90
ushamartin break out awaited above 31.50 target 35.20triangle break out along with resistance line break out
