#ULTRACEMCO-7238.95
Now enter in to new orbit above 6.857% Fibonacci extension.
Long term perspective
#Observation
#Fibonacci

More from MaRkET WaVES (DINESH PATEL ) Stock Market FARMER
More from Ultratechcement
I think Ultratech cement is worth tracking..Would be interesting if we get a hammer and this weeks closing above 5630..200wema + 61.8% fibo..@shivaji_1983 https://t.co/CtNCfQ6yXX

Cement companies are now is good buying zone for long term investors. Downside may not be more than 10-15% at max. Valuations extremely attractive.
— Sandeep Kulkarni (@moneyworks4u_fa) June 8, 2022
As far as I remember cement business has always been a cartel for atleast past 20 yrs.