Ultratech can bounce back from Motherline support.

116
UltraTech Cement Ltd. is a holding company, which engages in the provision of manufacture and sale of cement and cement related products.

UltraTech Cement Ltd. Closing price is 12113. The positive aspects of the company are Companies with Zero Promoter Pledge, Companies with Low Debt, FII / FPI or Institutions increasing their shareholding and MFs increased their shareholding last quarter. The Negative aspects of the company are high Valuation (P.E. = 51), Stocks Underperforming their Industry Price Change in the Quarter, RSI indicating price weakness, Increasing Trend in Non-Core Income and Declining Net Cash Flow : Companies not able to generate net cash.

Entry can be taken after closing above 12136 Historical Resistance in the stock will be 12324 and 12531. PEAK Historic Resistance in the stock will be 12725 and 13023. Stop loss in the stock should be maintained at Closing below 11798 or 11492 depending upon your risk taking ability.

Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.

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