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Dhwani Patel

12th Oct · SEBI-Registered Analyst

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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