Ultra Tech Cement : +35% Upside Potential

30 Nov 2022 UltraTech Cement
Stock BO today with volume after 1 month of sideways movement

In Play : HH-HL

Summary
- Stock faked BO on 21 Nov to the lower side
- BO with Volume
- TL BO : Confirmed
- Above POC
- Text Book Head & Shoulder Pattern

Conclusion
- CMP 7077
- Long Positions can be initiated
- 7280 level can act as strong resistance
- Higher targets could be around
• Short Term – 7280/7500
• Long Term – 8193/8911/9332
Wish You Happy & safe trading

Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.

"Always Respect Risk"

Happy Trading
Jai Hind Jai Bharat

Comment:

Short Term Target 1 of 7280 Achieved Intraday...High 7299