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Published on 21/06/2019 9:38:18 AM | Source: Religare Securities Ltd

Buy UltraTech Cement Ltd For The Target Rs.4750 - Religare Securities

Posted in Broking Firm Views - Short Term Report| #Ultratech Cement Ltd #Cement Sector #Trading Report #Religare Securities Ltd

 

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Religare Super Ideas

UltraTech Cement Limited (ULTRACEMCO)

After a marginal dip from its record high, ULTRCEMCO has surged strongly today i.e. June 20, supported with decent rise in volume. The chart formation along with existences of crucial support zone of short term moving averages around 4420 levels, is adding to the positivity. We advise creating fresh longs as per the mentioned levels.

Recommendation

BUY FUTS UltraTech Cement Ltd @4575-4585 Stoploss 4480 Target 4750 CMP 4590

 

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