$ULTRACEMCO Cement Price Action

$ULTRACEMCO is currently testing a critical support zone around 12,000–12,100, where the rising trendline and horizontal support converge. This makes it a strong decision point for price action. If the stock holds here and forms bullish candles, we may see a bounce toward ₹12,600–12,800. However, a decisive breakdown below ₹12,000 with volume can open room for a deeper fall toward ₹11,600–11,400. Traders should watch this level closely as it will likely decide the next directional move.