#ULTRACEMCO futures on short term charts
* bear trap and later high-pole negation
* PMOX oversold
More from DTBhat
#TATAPOWER futures on daily charts, finally breaks out of the tight range. Open counts are at 150 and 187. https://t.co/lPshkD3FeA
#TataPower on daily charts - a breakout above 126 will be very interesting. It is bullish on higher boxsizes and has given a reversal after a pullback on lower boxsize. Price charts and RS charts self-explanatory pic.twitter.com/9ulYjvBVza
— DTBhat (@dtbhat) July 12, 2021
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.