Ultratec Cement

Best Support available @9709 on hourly chart basis. first target is 10200
brokerages suggest to accumulate from CMP 9778 for a target of 10790 on 6-May-2024

Fundamentals are good and delivered good quarterly results.. forecast on infrastructure boost the cement industry up.

May need to roll over the MAY Future Positions to June and July

Comment:

Stock has broken the support levels and going down towards 9450 and 9250 levels. if these levels are broken the next support level is 9130.

good levels to accumulate

Trade active:

Stock took U-turn from 9425, making it a new support price and reached 10199 which is higher than the previous high 10180 made on 30-April-2024.

stock will see 10286 , 10528 and 10640 in near term.

if the stock falls, then 10,000 will be a psychological support and 9710 is the best support