kalyanganguly

Ultratech Cement - Bullish breakout after build up near resistan

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NSE:ULTRACEMCO   ULTRATECH CEMENT
Note: This is for educational purpose only.

There is a bullish breakout with ascending triangle formation. Ultra high volume confirms the momentum of the bullish breakout. Moreover, there was a build up near resistance which is a sign of bullish strength. RSI above 60 adds to the conviction of bullish momentum.

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