#ultratechcement #ULTRATECH Good support near 5900-6000
Reversal candidate 🧐

More from Pranay Prasun

#USL #Unitedspirits #DIAGEO Shared daily chart for reference \U0001f447
— Pranay Prasun (@PranayPrasun) May 27, 2022
Here breakout candle is supported by volume https://t.co/MXsPJMNHDF pic.twitter.com/rTLQhfCXfg
More from Ultratechcement
6.857% ....7135
#Observation
#ULTRACEMCO
— MaRkET WaVES (DINESH PATEL ) Stock Market FARMER (@idineshptl) April 8, 2021
1st image.
6.857% is at 7135. Sustain above this upside projection for long term perspective 11425-18401-29182.
2nd image show current trend Probabilty
#Fibonacci
#Retracement
#Extension
#wave principle pic.twitter.com/Jo5kZ5S0gg

Cement companies are now is good buying zone for long term investors. Downside may not be more than 10-15% at max. Valuations extremely attractive.
— Sandeep Kulkarni (@moneyworks4u_fa) June 8, 2022
As far as I remember cement business has always been a cartel for atleast past 20 yrs.
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These setups I found from the following 4 accounts:
1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4. @DillikiBiili
Share for the benefit of everyone.
Here are the setups from @Pathik_Trader Sir first.
1. Open Drive (Intraday Setup explained)
#OpenDrive#intradaySetup
— Pathik (@Pathik_Trader) April 16, 2019
Sharing one high probability trending setup for intraday.
Few conditions needs to be met
1. Opening should be above/below previous day high/low for buy/sell setup.
2. Open=low (for buy)
Open=high (for sell)
(1/n)
Bactesting results of Open Drive
Already explained strategy of #opendrive
— Pathik (@Pathik_Trader) May 27, 2020
Backtested results in 30 stocks and nifty, banknifty.
Success ratio : approx 40-45%
RR average 1:2
Entry as per strategy
Stoploss = Open level
Exit 3:15 PM Or SL
39 months 14 months -ve, 25 +ve
Yearly all 4 years +ve performance. pic.twitter.com/nGqhzMKGVy
2. Two Price Action setups to get good long side trade for intraday.
1. PDC Acts as Support
2. PDH Acts as
So today we will discuss two more price action setups to get good long side trade for intraday.
— Pathik (@Pathik_Trader) June 20, 2020
1. PDC Acts as Support
2. PDH Acts as Support
Example of PDC/PDH Setup given
#nifty
— Pathik (@Pathik_Trader) June 23, 2020
This is how it created long setup by taking support at PDC.
hopefully shared setup on last weekend helped. pic.twitter.com/2mduSUpMn5