ULTRACEMCO

Technical Analysis

has recently given a breakout above a downward sloping trendline and horizontal resistance around ₹11,359, indicating a bullish reversal after a prolonged consolidation phase. The price has surged past the ₹12,000 mark, retesting levels last seen in previous swing highs, suggesting strength in momentum. The breakout is supported by a rise in volume, enhancing the reliability of the move. As long as the price sustains above ₹11,350–₹11,400, the short-term trend remains bullish, with potential upside toward ₹12,500–₹12,800.