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Published on 28/11/2019 9:35:47 AM | Source: Religare Securities Ltd

Buy Ultratech Cement Ltd For Target Rs.4400- Religare Securities

Religare Super Ideas

UltraTech Cement Limited (ULTRACEMCO)

ULTRACEMCO has surged strongly today i.e. on Nov 27 supported with decent rise in volume. It has also surpassed its resistance hurdle of multiple moving averages on daily chart and now trading on the verge of breakout from its declining trend-line as well. We thus suggest traders to use this chance and initiate fresh longs as per the given levels.

Recommendation

BUY ULTRACEMCO CMP  4234.65 Between  4195-4215 Stop Loss 4120 Target 4400

 

 

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