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ULTRATECH CEMENT LTDUU

ULTRATECH CEMENT LTD

11,421.20INRR
+370.00+3.35%
At close at 10:13 GMT
INR
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ULTRACEMCO trade ideas

ULTRATECH CEMENT LTD Swing tradeHello, Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum. Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend. Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios. Details is Mentioned in Chart, Read carefully.. .
NSE:ULTRACEMCOLong
by OptionCallPro
POV: ULTRACEMCO - Edge of Channel BreakoutPOV: ULTRACEMCO - Edge of Channel Breakout 1️⃣ Channel Formation: The stock has been trading in a range of ~12–14%, forming a channel. The top of the channel has been tested 4 times, confirming it as a strong resistance zone. 2️⃣ Last Leg Setup: The last leg started with: - A double bottom pattern. - Divergence indicating reversal. - A bounce back after taking support at the 200 SMA. 3️⃣ Consolidation: After reaching the top of the channel, the stock is consolidating instead of pulling back—a positive sign for a potential breakout. 4️⃣ Flag Pattern: The 5-day consolidation appears to be forming a **flag pattern**, adding to the bullish sentiment. 5️⃣ Concerns: - Volume is around the average, lacking the confirmation of a spike. - Entry is set slightly above for safety due to range expansion, which is nearly 100 points away. Disclaimer: For educational purposes only, not financial advice. #NiVYAMi
NLong
by kzatakia
UltraTech Cement Ltd Technical Analysis### **UltraTech Cement Ltd Technical Analysis** #### **Key Chart Observations**: 1. **Resistance Breakout Zone**: - The stock is approaching a **critical resistance level** near ₹12,080. - A breakout above this level with strong volume could signal a bullish continuation. 2. **Trendline Analysis**: - The stock has already broken a long-term **downward sloping trendline**, indicating a potential reversal to the upside. - The angle and historical significance of this trendline suggest a change in sentiment. 3. **Moving Average Support**: - The stock is trading above its **moving average**, which now acts as a support, reinforcing the bullish bias. 4. **Potential Upside Targets**: - **First Target:** ₹12,400 (recent swing high). - **Second Target:** ₹12,800 (psychological resistance). - **Longer-term Target:** ₹13,200 (based on Fibonacci or historical resistance zones). 5. **Volume Confirmation**: - Watch for **higher-than-average volume** during the breakout to confirm sustained momentum. 6. **Risk Management**: - Set a **stop-loss** below the broken resistance (around ₹11,950) to manage downside risk if the breakout fails. --- ### **Trading Strategy**: #### **Bullish Scenario**: - Enter long if the stock closes above ₹12,080 with good volume. - Targets: ₹12,400 and ₹12,800. - Stop-loss: ₹11,950. #### **Bearish Scenario**: - If the stock fails to sustain above ₹12,080 and falls below ₹11,950, it may revisit ₹11,600 or lower. --- ### **Key Technical Indicators**: 1. **RSI (Relative Strength Index):** - Monitor RSI for overbought levels (>70). If RSI supports the breakout, the move is likely to sustain. 2. **MACD (Moving Average Convergence Divergence):** - A bullish crossover near the breakout zone will provide additional confirmation. 3. **Volume Profile**: - Significant volume buildup near ₹12,080 would indicate strong buyer interest. --- ### **Conclusion**: UltraTech Cement Ltd is at a **critical breakout level**. Traders should watch for confirmation above ₹12,080 to initiate long positions, targeting higher levels. Volume and market sentiment will play a pivotal role in determining the strength of the breakout.
NLong
by Professional2056
ULTRATECH CEMENT LTD swing tradeHello, Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum. Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend. Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios. Details is Mentioned in Chart, Read carefully.. .
NLong
by OptionCallPro
ULTRATECH S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
N
by zenthosh
ULTRATECH A SLIGHT CORRECTION N 3:1; Source of the Downtrend is the Monthly Supply Destination is a Fresh Demand that has formed in multiple timeframes. Also we see that the candles in the chart have gone away from the Moving Average and whenever Price goes away and reacts to a Supply it then retraces till the latest Demand. Here we have separated the Demand and Supply Equilibrium into 5 major parts: 1. VH : Very high on the curve. 2. H : High on the curve. 3. M : Middle on the curve. 4. L : Low on the curve. 5. VL : Very Low on the Curve. Now as Trader our Job is to Buy Low & Sell High; So let's check for a confirmation in the lower timeframes. Price went Up Respecting Daily Demands until it reached Monthly Supply; After reacting to the Monthly Source Supply Price has violated a Daily Demand; As we have a Daily Demand violated we see a downward momentum has just started; So until Fresh Demand which is @ Rs. 10526.00
NShort
by WavesandZones
Ultratech may make not ultra but mild upward moves. UltraTech Cement Ltd. is a holding company, which engages in the manufacture and sale of cement and cement related products. Its products include ordinary portland cement, portland blast furnace slag cement, white cement, and ready mix concrete. UltraTech Cement Ltd. CMP is 11301.90. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, Book Value per share Improving for last 2 years. The Negative aspects of the company are high Valuation (P.E. =46.5), PE higher than Industry PE, MFs decreased their shareholding last quarter, Declining Net Cash Flow : Companies not able to generate net cash. Entry can be taken after closing above 11380. Targets in the stock will be 11524 and 11707. The long-term target in the stock will be 11893 and 12096. Stop loss in the stock should be maintained at Closing below 10922. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NLong
by Happy_Candles_Investment
Cement sector- A duopoly?After Adani group bought ACC and Ambuja cements and became an impact player in cement sector of the country there is a chance of duopoly creation in the cement sector as was seen in the case of telecom sector when Jio entered the segment. Although such extreme duopoly will not be created in cement sector as the other regional cement will continue to operate. There is a chance that the plants of regional companies can also be bought as Ambuja and ACC were bought. So both Ultratech and Adani group cement companies should be looked upon and should be added to our personal portfolio keeping in mind the long term vision of the country. Please do your analysis and share your views in the comment section below. Hope you like my idea.
NLong
by ronak16125
ULTRACEMCO: Wave ((iv)) Correction and Future ProjectionsTechnical Analysis on Exampled chart of Ultracemco Using Elliott Wave Theory As always, this analysis is provided for educational purposes only and should not be taken as financial advice. Proper risk management and consultation with a financial advisor are recommended before making any trading decisions. Understanding Elliott Wave Principles Elliott Wave Theory is a robust tool used by traders to analyze market cycles and forecast future price movements by identifying repetitive wave patterns. One of the core principles of Elliott Wave Theory is that markets move in five waves in the direction of the main trend (Impulse Waves) followed by three corrective waves (Corrective Waves). These waves are labeled numerically as 1, 2, 3, 4, 5 for impulse waves and alphabetically as A, B, C for corrective waves. A few key rules and guidelines include: Wave 2 cannot retrace more than 100% of Wave 1. Wave 3 is usually the longest and never the shortest among waves 1, 3, and 5. Wave 4 should not enter the price territory of Wave 1 (in a standard impulse wave). Additionally, corrective waves come in various forms like Zigzags, Flats, and Triangles, and these patterns provide insight into the market’s corrective phases. Current Wave Count and Analysis On the daily time frame of Ultracemco, the price action has been unfolding within an Elliott Wave structure, and as of the latest data, the market appears to be in the process of completing wave ((iv)) in black. The chart shows that the recent price action likely represents a corrective wave ((iv)), unfolding as an (a)-(b)-(c) structure, where wave (a) has been completed, wave (b) has bounced as a corrective upward swing, and wave (c) is currently progressing downward. Key Observations for Wave ((iv)): Depth of Correction: The retracement level of wave ((iv)) typically spans between 38.2% to 50% of wave ((iii)). The current retracement indicates that wave ((iv)) could find support around these levels, aligning with typical Elliott Wave corrective behavior. Equality of Waves (a) & (c): One common characteristic within a Zigzag pattern is that wave (c) often equals wave (a) in terms of length. This potential equality provides a target zone for the completion of wave ((iv)). Retracement of Wave ((iii)): The analysis of wave ((iv)) should also consider the Fibonacci retracement levels of wave ((iii)). A significant support area is found near the 50% retracement level of the prior wave ((iii)), which could act as a pivot point for the next upward move. Potential Outlook for Wave ((v)) Once wave ((iv)) finds its completion, the next expected move is an upward swing as wave ((v)), which should unfold in an impulsive manner. Wave ((v)) often represents the final thrust in the direction of the trend and is typically characterized by strong momentum and breadth. Characteristics of Wave ((v)): Extension: Wave ((v)) may extend, particularly if wave ((iii)) was relatively short. In such cases, wave ((v)) could push the price higher than expected, sometimes exceeding the previous high established by wave ((iii)). Fibonacci Projections: A common target for wave ((v)) can be projected using Fibonacci extension levels of waves ((i)) through ((iii)). The 61.8%, 100%, and 161.8% extension levels serve as potential price targets. Volume and Momentum: Increased volume and momentum usually accompany wave ((v)) as it represents the final push in the direction of the prevailing trend. Traders should watch for any divergences in momentum indicators, as they often signal the end of the impulse wave and the start of a corrective phase. Conclusion In summary, the analysis suggests that Exampled chart of Ultracemco is likely completing wave ((iv)), with potential support zones emerging as the market corrects. Following the completion of wave ((iv)), the price is expected to rise in an impulsive wave ((v)), targeting new highs. However, it's crucial to remember that Elliott Wave analysis involves multiple possibilities, and traders should consider these insights as part of a broader trading strategy rather than standalone advice. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
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by RK_Chaarts
2
ULTRATECH CEMENT S/R for 15/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
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by zenthosh
Go long - swing pick- this stock shows signficant delivery percentage value - possible chances for accumulation - may perform good in upcoming days - this stock is picked after market close based on delivery qty data. - follow this stock for next 5 days , if entry not triggered with in 5 days , ignore pick - line marked in chart is the day it showed huge delivery percentage.i consider it as signal candle.i marked its high and low entry - go long with 1:1.5 RR - take entry if 15min close crosses the line , ignore entry if it made gap ups - i prefer entry with in 5 days , if not triggered ignore this pick sl - candle close below signal candle's low target - keep 1.5 times of sl.
NLong
by rajeevmmails
Missed Breakout of Ultra CementUltratech Cement has broken out of a rectangle pattern, also known as a Darvas box. I missed the entry opportunity, so I will wait for a retest of the support level, which was previously resistance. If I see any bullish candle during the retest, I may enter. Also look at the consistency of earnings and revenue. Always prioritize risk management and proper position sizing to ensure you stay on track towards your goals. While analysis is valuable, it’s important to acknowledge that it may not always yield the expected results. Be prepared to adapt if things don’t go as planned, and maintain a resilient mindset throughout your journey.
NLong
by Pranam18
1
sell at zone ~ intradayexpecting small fall from the zone . look for confirmation inside zone in smaller tf. - good for intraday trade - entry is strictly inside the zone - SL is day close above zone - for target draw fib retracement from C to latest swing high , use 0.236 fib as tgt 1 (safe place for intraday), 0.382 as tgt 2 (risk takers). - don't trade , if u didn't get selling confirmation inside zone - if day close is above this zone , this pattern becomes invalid , ignore this pick
NShort
by rajeevmmails