Ultratech Cement- At Crucial FIB LEVEL with RSI Divergence!!

Ultratech Cement Ltd.

The stock formed bearish divergence with RSI and MACD.

If price trades below 3831 level, the price can test DEMAND ZONE 3700-3680. Nearby resistance is swing high 3936 on the hourly chart.

Also, in the daily chart, the stock is facing resistance from 1.618 FIB level.

KEEP AN EYE !! #B-

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