Sell ULTRATECH CEMENT on rise with SL of 4190 and targets of 3819. A confirmation obtained on RSI and a convergence on MACD on the cards that will eventually lead to a downward move. One can book profits on their longs.
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Makes a low of 3932.
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Makes a low of 3902.
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Bearish price action in today's trade. Should breach 3900 in a couple of trading days.
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As expected breached 3900. It would be a prudent idea to book some profits.