Leader of the India cement pack. Ultratech cement at 200EMA. Every other big cement company faced resistance at the 200EMA and couldn't cross it.
Could this be sectorial weakness?
If Ultratech falls below it'd be worth shorting stocks from this sector.
ps: ACC, Ambuja, Shree, Dalmia Bharat all couldn't cross 200EMA.
Could this be sectorial weakness?
If Ultratech falls below it'd be worth shorting stocks from this sector.
ps: ACC, Ambuja, Shree, Dalmia Bharat all couldn't cross 200EMA.