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Unite Technologies Financial

25th Feb · SEBI-Registered Analyst

Technical Analysis UltraTech Cement

The stock

ULTRACEMCO
is currently showing a very strong bullish momentum, trading at its all-time high levels. Since early 2024 the stock has been making Higher Highs and Higher Lows which is a classic sign of a healthy uptrend. The stock recently broke past the previous resistance level near ₹12250 - ₹12500. It is now trading around ₹13041. Consolidation before breakout the stock spent significant time between July and November 2024 consolidating. This base building makes the current move more sustainable because it wasn't just a vertical spike. For buyers if you are already holding, it’s a Hold with a trailing stop loss. If you want to enter now wait for a small pullback (retest) toward the ₹12700 level to ensure a better risk-to-reward ratio. This stock presents a high-potential opportunity for swing traders and aggressive (risky) traders. If the price breaks above the ₹13100 level with strong supporting volume it can be played for a short-term move. The stock is currently in a strong bullish phase and the overall Cement sector is also showing bullish tailwinds. Given this alignment between the stock and its sector it could make for an excellent swing trade with a target horizon of 3 to 5 days.

#TrendingSectors#EquityResearch#Today’sTradingSetup#TechnicalViews#Post-ClosingCommentary
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