ULTRATECH CEMENT is trading at an all-time high and failure to break 6973 Strong RESISTANCE level 3 times and is an indication of the strong BEARISH trend in upcoming days.
Fundamentally strong stock to hold for the long term, but as per the P/E ratio it's a bit expensive (below 24) is a discount price.
SO TECHNICALLY AND FUNDAMENTALLY STRONG BEARISH TREND,
6973 RESISTANCE
6643 SUPPORT 1
6553 SUPPORT 2
Fundamentally strong stock to hold for the long term, but as per the P/E ratio it's a bit expensive (below 24) is a discount price.
SO TECHNICALLY AND FUNDAMENTALLY STRONG BEARISH TREND,
6973 RESISTANCE
6643 SUPPORT 1
6553 SUPPORT 2
Yorum:
Note: 6109 and 6042 next SUPPORT level.
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