Ultratech cement scrip is trying to cross major resistance band of 4465-4525... It had tried 9 times to cross this band. If weekly close above upper level of the band then upside can be expected till 4750-4800-4900... The resistance band will be then taken as support.
Trade closed: target reached:
Trade target achieved successfully. Price reached all time high pf 5259.
Now, price retraced after that and trying to reach may be higher highs. But that analysis for later.
Now, price retraced after that and trying to reach may be higher highs. But that analysis for later.