14-02-2024 10:53 AM | Source: Religare Broking Ltd
Stock of the day : UltraTech Cement Ltd For Target Rs. 240 - Religare Broking
UltraTech Cement Ltd
* After a steady up move from last more than 3 months, ULTRATECH is now showing some sign of trend reversal.
* It has witnessed a breakdown from the brief range and has closed below its short term moving average.
* Following price action and weakness in cement pack, suggests bearish tone to continue.
* We thus recommend creating shorts through the Put option.
BUY UltraTech Cement Ltd CMP 153.95; Range 153-155; SL 20; Target 240
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
To Read Complete Report & Disclaimer
Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Latest News
Quote on Kotak Mutual Funds for Sensex at 80000 by ...
MOIL shines on reporting 15% growth in sales in Apri...
Ganesh Green Bharat coming with IPO to raise Rs 125....
Yes Bank gains on recording 15% growth in loan and a...
Age factors when it comes to dating
CFF Fluid Control zooms on bagging contract worth Rs...
Puravankara climbs on acquiring 7.26-acre land parce...
Neutral Amara Raja Ltd For Target Rs.1,090 By Motila...
BLS International Services gains on signing signific...
Neutral Amara Raja Ltd For Target Rs.1,090 By Motila...