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Niftydirection
Nov 11, 2021 12:04 AM

Ultratech Cement On final push then fall ahead Short

ULTRATECH CEMENTNSE

Description

Ultratech Cement had stellar rally from 2900 to 8000+ looks to be heading max 8532 which is max possible upside for it as wave 5.

Then a corrective wave will start towards 6300 which is 0.382 fibonacci levels.

Notice MACD Negative Divergence price making higher high and MACD higher lows.

DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
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Not recommended to take FnO positions based on this analysis

I may or may not trade this analysis.
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