#ULTRACEMCO (daily)
- Breakout from supply zone.
- Trading All time high
- Strong Bullish trend with HLs
- Strong fundamentals
- Buy above 7100
- Stoploss 6685
- Target 7400/7750/8100/8500+
#Positional
More from Himanshu Chauhan
More from Ultratechcement
I think Ultratech cement is worth tracking..Would be interesting if we get a hammer and this weeks closing above 5630..200wema + 61.8% fibo..@shivaji_1983 https://t.co/CtNCfQ6yXX
Cement companies are now is good buying zone for long term investors. Downside may not be more than 10-15% at max. Valuations extremely attractive.
— Sandeep Kulkarni (@moneyworks4u_fa) June 8, 2022
As far as I remember cement business has always been a cartel for atleast past 20 yrs.