Stock of the day : UltraTech Cement Ltd For Target Rs. 210 - Religare Broking
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
UltraTech Cement Ltd
* ULTRACEMCO has registered a breakdown from the corrective phase which continued for over three months.
* The breakdown has accompanied with noticeable surge in volumes adds further confirmation to the breakout.
* It has slipped below its medium term moving average i.e. 100 DEMA suggests weakness in trend.
* We thus recommend creating shorts through the Put option.
UltraTech Cement Ltd CMP 124.00 Range 122-126 SL 83; Target 210
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
