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Published on 15/11/2019 11:15:41 AM | Source: Religare Securities Ltd

Sell Ultratech Cement Ltd For Target Rs.3900 - Religare Securities

Posted in Broking Firm Views - Short Term Report| #Ultratech Cement Ltd #Cement Sector #Trading Report #Religare Securities Ltd

Ultratech Cement Ltd

ULTRACEMCO has witnessed decent correction from the top and currently hovering in a broader range of 3800-4400 levels. It has formed a fresh shorting pivot after the consolidation breakdown and likely to retest the lower band of the prevailing range. We suggest traders initiating fresh shorts as per the mentioned levels.

Recommendation

Sell Ultratech Cement Ltd Futs @ 4050-4070 SL 4130 Target 3900 CMP 4028.70

 

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