Intraday Cash Sell ULTRACEMCO @3783.3-3789.30 SL 3854 TGT 3672 MACD cross over + cloud break down + break crucial support 3783 next support 3660 GO SHORT
price can touch the lower support if this support hold and sustain than we can see a good uptrend in this stock if support not hold than we can go down from here
It seems to be forming a bearish bat now that the resistance at 3666 has been broken. - I'm long from here until the red box. Where i will go short till 38.2% retrace.
LONG ULTRATECH 3678 SL 3500 TARGET 3899
Chart explains it all. -Ascending triangle with a desceding channel within, pointing to a short term target of 3650 before a retrace. - Will Update when required. -Kautilya.K
UltraTech Cement Ltd Cement & Cement Products Market Cap.: ₹ 1,15,045.43 Cr. Current Price: ₹ 4,189.40 Book Value: ₹ 952.94 Stock P/E: 45.58 Dividend Yield: 0.24% Face Value: ₹ 10.00 Listed on BSE and NSE Company Website 52 Week High/Low: ₹ 4,599.90 / ₹ 3,773.30 Dividend in Rs: 9.50 EPS: ₹ 91.11 Latest Annualized Cost of Equity: 9.86% Latest Annualized Return on...
Rounding bottom breakout followed by test of breakout zone and consolidation. Target, SL as in chart.
Go long at 3501 for 1.50% target Trade at your own risk