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Technicals for UltraTech Cement Limited
By MusingTheNews
2025-05-30 21:01
Overall Technical outlook
Price Summary
On 2025-05-30, UltraTech Cement Limited's stock opened at 11265.0, spiked to 11310.0, declined to 11170.0, and closed -0.49% lower at 11210.0, with 393973 shares traded. For the 52-week period, the stock's highest price is 12237.0, and the lowest price is 9915.5. 40 analysts suggest that ULTRACEMCO's future price will lie between 7350.0 and 14200.0, with an average expected price of roughly 12864.4.
Technicals
Support and Resistance: The current price of 11210.0 for ULTRACEMCO is supported at 10483.75 and faces resistance at 11460.65. These levels indicate that 10483.75 could act as a floor, while 11460.65 might limit any further price increases. Support/Resistance for ULTRACEMCO
Aroon: The AROON is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for ULTRACEMCO, with no strong trend emerging. Aroon chart for UltraTech Cement Limited
Bol. Bands: The BOLL BANDS is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation. Bolinger Bands chart for UltraTech Cement Limited
Parabolic SAR: The PSAR maintains its bearish stance, setting a strong resistance level that could limit any potential upward movement. This ongoing bearish outlook suggests that the market may continue to face resistance, making it difficult to achieve significant gains for UltraTech Cement Limited. Parabolic Stop and Reverse chart for UltraTech Cement Limited
Stochastic: The Stochastic K-line's drop below the D-line and under 20 points to a mildly bearish market condition for ULTRACEMCO. While this indicates some bearish sentiment, it's not a strong signal. Investors should be aware of this potential shift and look for additional confirmation before making decisions. Stochastic chart for UltraTech Cement Limited
Tripple Moving Agerage: The Tripple MOVING AVG is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for ULTRACEMCO, with no strong trend emerging. Tripple SMA chart for UltraTech Cement Limited
Before focusing on technical indicators like stock price and volume, it's important to consider a company's fundamentals. These include financial metrics such as profitability, revenue growth, and debt levels. Furthermore, understanding the industry landscape, including competition and consumer trends, provides essential context. By combining this fundamental analysis with technical data, investors can make more informed decisions and draw deeper conclusions about the company's potential for future growth and success.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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