Stock of the day : Buy UltraTech Cement Ltd For Target Rs.84 - Religare Broking Ltd
UltraTech Cement Ltd
* ULTRATECH has formed distribution pattern i.e. Head and Shoulder pattern, suggests bearish to continue ahead.
* The stock has given breakdown from its short term moving average i.e. 50 DEMA.
* The price pattern coupled with bearish sentiment suggests prices are likely to remain under pressure.
* We thus recommend creating short positions through the Put option
Buy UltraTech Cement Ltd CMP 34.00; Range 33-35; SL 10; Target 84
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
