#ULTRACEM - Stuck at resistance
UltraTech Cement has rallied fantastically after the recent crash, and has now approached a decisive price zone.
Today's closing is not strong, which happens to be at its resistance level. Any further loss in strength will bring the price down in the next few sessions.
If it manages to break the current resistance with a good volume and strong day close, we will see the continuation of the current rally.
Today's closing is not strong, which happens to be at its resistance level. Any further loss in strength will bring the price down in the next few sessions.
If it manages to break the current resistance with a good volume and strong day close, we will see the continuation of the current rally.
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