Wait for breakout to sustain. Earning may be a catalyst.
Disclaimer: The indicators, strategies, columns, articles and all other features discussed here are for educational purposes only and should not be construed as investment and/or trading advice/tips.
After a sharp fall, Ultratech has a made a double bottom with higher lows. After a bit of consolidation, over the past 3 days a triangle pattern has formed. This is a bullish signal. A break above the past 2 day's high will propel the stock from 3900 levels to 4100 levels. A good positional bet with a 5 day horizon. MACD Crossover and RSI divergence confirm...
Blue Line Represents Trend Line.
Analysis
Long above 3927.45
Targets are 3943.3,3972,3990.2,4013.6,
4036,4038.4,4060
SL-3920
Short below 3905
Targets are 3888.8,3876.5,3872.5,3838,3817.1
SL-3927.45
UltraTech Cement Limited is engaged in the business of cement and cement-related products. The Company manufactures a range of products that cater to construction needs from foundation to finish, including Ordinary Portland Cement (OPC), Portland Blast Furnace Slag Cement (PSC), Portland Pozzolana Cement (PPC), white cement and white cement-based products, ready mix concrete, including specialty concrete, building products, such as aerated autoclaved concrete (AAC) blocks and joining mortars and a host of others in retail formats. Its geographical segments include India and Rest of the World. The Company focuses on various areas, including alternative fuels, waste heat recovery systems, carbon dioxide emission reduction, waste management, water re-cycling and bio-diversity management. It has over 10 integrated cement units, approximately 10 grinding units, a white cement unit, a wall care putty, over five bulk terminals and over 100 ready mix concrete units.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
ULTRACEMCO
