Stock of the day : UltraTech Cement Ltd For Target Rs. 210 - Religare Broking
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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
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SEBI Registration number is INZ000174330
