UltraTech Cement (1h)
ULTRACEMCO
Price is testing resistance near the 200 EMA (12,303), showing consolidation after a rebound from support.
All short-term EMAs (9, 20, 50) have recently crossed above each other, indicating early short-term bullishness, but the flat/declining 200 EMA suggests the broader trend is still vulnerable.
The DMI shows ADX around 26 with +DI leading – a sign of developing trend strength, but watch for volume confirmation as price approaches resistance.
Important: A clean close above the 200 EMA with strong volume could trigger a fresh leg up; failure may result in a pullback to EMA clusters for retest.
#TechnicalViews#HiddenGems

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