Ultratech Cement Ltd.
The stock formed bearish divergence with RSI and MACD.
If price trades below 3831 level, the price can test DEMAND ZONE 3700-3680. Nearby resistance is swing high 3936 on the hourly chart.
Also, in the daily chart, the stock is facing resistance from 1.618 FIB level.
KEEP AN EYE !! #B-
#tradingedge_academy #SMTA_Institute
The stock formed bearish divergence with RSI and MACD.
If price trades below 3831 level, the price can test DEMAND ZONE 3700-3680. Nearby resistance is swing high 3936 on the hourly chart.
Also, in the daily chart, the stock is facing resistance from 1.618 FIB level.
KEEP AN EYE !! #B-
#tradingedge_academy #SMTA_Institute
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Garey
Whatsapp - +91 9999 504 500
Garey
Whatsapp - +91 9999 504 500