ULTRACEMCO weekly chart study
Updated
ULTRACEMCO is now at an interesting phase. Currently week candle is below 200 Week SMA. We are seeing this after almost 9 years
We need to see if ULTRACEMCO is going to bounce back above its 200 Wk SMA or fall towards 2450-1900 levels.
ULTRACEMCO bulls might get some relief if it closes at least above 3430 (if not above 200 Wk SMA at 3560) by Friday market close.
We need to see if ULTRACEMCO is going to bounce back above its 200 Wk SMA or fall towards 2450-1900 levels.
ULTRACEMCO bulls might get some relief if it closes at least above 3430 (if not above 200 Wk SMA at 3560) by Friday market close.
Note
bounced at the support
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