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