nifty 50-ultratech cement share view for 2013

ultratech cement share daily chart technicals

ultratech cement share on daily chart trading in uptrend and momentum also strong on buying side.here 1960 is first support on downside and week average for this stock.below 1920 is month average and 1900 is last support for short term view and 3 month average on chart.on indicators cci is +86 with bearish divergence while rsi is 60 and with buy signal.

from short term view,buy near 1900 with closing below 1880 and expect 2000-2050 as short term targets.

ultratech cement share weekly chart technicals

ultratech cement share on weekly chart showing bull market and trading with strong uptrend and momentum currently on long side.on chart 1890 is 6 month average and first support on downside.1790 is 12 month average while 1580 is 2 years average and last support on weekly chart.

2154 was top and high in 2012 and may be strong supply zone in upcoming period.on indicators rsi is 57 and cci is +117 with bullish divergence.

from medium term 1890 was entry zone with stoploss below 1850 on weekly closing basis and expect 2100-2270 as upside targets.

ultratech cement share monthly chart technicals

ultratech cement share on monthly chart showing positive closing in last 2 month after taking support at 12 month average sign of reversal.on chart 1450 is 3 years average level and 1230 is 5 years average level and last support for this stock bull market.

from long term view,1800 will be reentry point or accumulation point.while 600-800 was investment zone.on upside 2360 will be first long term target from technical view.

ultratech cement share historical chart technicals

on historical chart,ultratech cement share adjusted all time low was 239 in 2008 while all time high was 2154 in 2012.in 4 years we seen almost 1000%+ return from this stock.here trend channel also suggesting upside targets near 2390.

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Pramod Baviskar

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