Wednesday, 25 October 2017

ULTRACEMCO READY TO MAKE NEW HIGHS



RESULTS ON 26 OCT 2017: YESBANK


BUY ULTRACEMCO ABOVE 4400 TGT 4490 SL 4300

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Primary trend of the ULTRACEMCO is bullish and after giving breakout of its range bound movement, it is forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 4470 ; as the stock is managing to trade above its 22& 50 and 200 days moving averages with the RSI of 70, one may expect the targets of 4490/4520 in the stock if it manages to sustain above the immediate support level of 4400.

DAILY CHART FOR ULTRACEMCO

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