BUY : ULTRACEMCO-EQ( ULTRACEMCO ) [11532]

RA Name: Manjushri Sharma

Technical Analysis:

🔎 Trade Rationale – ULTRACEMCO (Cash Segment | BTST)

Market Context
Cement sector is showing relative strength with consistent buying in frontline stocks. ULTRACEMCO is outperforming peers and sustaining above short-term support zones, signaling continued bullish sentiment.

Price Action

• Stock has given a breakout above ₹25,500 zone with strong intraday volume activity.

• Price is holding above short-term moving averages, indicating stability and trend continuation.

• The immediate support base lies near ₹25,450, which aligns well with the stop-loss.

Technical Indicators

• RSI trending above 55, showing strength without entering overbought levels.

• VWAP support is intact, confirming institutional buying near entry zone.

• Candlestick pattern indicates accumulation with higher lows on hourly chart.

Risk–Reward Analysis

• Entry at ₹25,550, Stop Loss ₹25,450 (risk = 100 pts).

• Upside: Target 1 ₹25,650 (+100 pts), Target 2 ₹25,750 (+200 pts).

• Risk–Reward ratio: 1:1 (T1) and 1:2 (T2) – favorable for BTST setup.

Conclusion
ULTRACEMCO presents a strong BTST buy opportunity supported by price breakout, sectoral momentum, and favorable risk–reward. Traders can initiate long positions near ₹25,550 with SL ₹25,450 and look for targets at ₹25,650 / ₹25,750.

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