Topic Statement:
UltraTech Cement continues its bullish run, driven by consistent growth and cement’s critical role in construction-led demand.
Key Points:
- The stock moves strictly within a well-defined uptrending channel, making it highly suitable for channel-based trading
- It rarely dips below the 200-day EMA, and prices near this level have historically presented strong investment opportunities
- The price is currently facing resistance at the 12000 mark, but a weak breakout appears to be underway, signaling potential continuation
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Disclaimer
This article should not be interpreted as investment advice. For any investment decisions, consult a reputable financial advisor. The author and publisher are not responsible for any losses incurred by investors or traders based on the information provided.