Ultratech Cement started its new impulse from 20 June 2022 and its complete its 4th wave 26 oct 2023 . Now its in 5th wave in daily time frame. When we check 5th wave in 1 hour it complete its 2 wave and now it near to end of 3rd wave so it will continue its 4th wave in 1 hr time frame that near to 9000- 8950. Follow me on insta @DESHWALCAPITAL
ADD AT 8050 SL 7925 , hopefully can reverse from here worth a shot due to decent risk / reward ratio
ultratech cement share 8550 abv or closeing will take 9000--9500++ buy on dipss with tight sl 8300-- short term--- buy axis bank 1012--1006 looks zoom 1035--50+++ yes buy on dipss with tight sl looking sharp recovery on weekly chart
poor gap suppply zone, it reacted , but very little ...so always plan for quality HTF and execution time frame zone only
#ULTRATECH CEMENT trading around 6000 formed bearish patern, today it may trade our retracement level, we can buy around 5000-5200 and tgt for 7100, follow SL 4500 closing basis.
we are very bullish on charts of ultratech . 5 days data shows long build up in futures continues. on 1 day views its very neutral. we have long positions in the stock . very bullish. yogesh aggarwal
Long above blue line, shown to be a massive resistance on the heiken-ashi
Cement sector has been in the buzz since last one year with a strong rally each expiry. ULTRACEMCO has also seen a good move recently and has been travelling through a upward sloping channel. Today at 6755 its at support zone of channel and could be bought for a tgt of 7015 positionally in near term. Recent support zone at 6680 is SL.
It has broken the resistance with good raising volumes and next level would be 5157 followed by 5192. Do your own research before investing.