"Ultra Tech Cement — 1h Intraday Analysis

 

UltraTech Cement Ltd — 1H Intraday Analysis

Chart timeframe: 1H • CMP: ₹11,879 • Recent swing high: ₹12,041

Bias: Mildly Bullish

Watch resistance near ₹12,000—₹12,050

Quick Summary

The 1-hour chart shows institutional "Big Player Buying" around ₹11,670 and a recent recovery. Momentum indicators (MACD & Slow Stochastic) are turning bullish. Immediate resistance cluster: ₹11,950—₹12,050. Maintain risk management — intraday moves can be sharp.

Big Player Buying @ ~₹11,670 Big Player Selling @ ~₹12,030

At a glance

Higher low formed near ₹11,750 — early sign of reversal.

• MACD attempting bullish crossover — watch for confirmation.
• Overhead supply in ₹11,950—₹12,050 zone.
• Maintain strict stoploss for intraday trades.

Intraday Trade Setups

Long (Bull) Setup

• Entry: Above ₹11,900
• Stoploss: ₹11,820
• Targets: ₹11,980 • ₹12,050 • ₹12,120
• Confirmation: MACD crossover + rising volume.

Short (Bear) Setup

• Entry: Below ₹11,770
• Stoploss: ₹11,840
• Targets: ₹11,700 • ₹11,630 • ₹11,550
• Confirmation: Bearish candle with rising volume on breakdown.

Risk note: Use position sizing and do not run beyond your stoploss. Intraday volatility can create whipsaws near resistance/support clusters.

Trade Plan Checklist

• Confirm MACD crossover on 1H with higher histogram bars.
• Prefer long only above ₹11,900 with momentum candle close.
• Avoid chasing; wait for clean breakout or breakdown.
• Move stop to breakeven after partial target hit.

Quick Reference

Entry Long: 11,900

SL Long: 11,820

Primary Resistance: 12,030

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Disclaimer: This is a technical analysis for educational purposes and not financial advice. Trade with proper risk management.