ULTRACEMCO near resistance

١٣ يناير ٢٠٢٣

Price is facing difficulty to go beyond 7250-7300 levels since December. Looking at the option chain 7200 CE for 25 jan expiry has highest open interest, trading at a premium of 140. 7350 becomes an important level from the option chain perspective as well. Overall this will tell you the behaviour of stock at various levels.

١٤ يناير ٢٠٢٣

ملاحظة

Price closed in the resistance zone. Mainly due to the market turning green in the second half. Let's see what happens on Monday.

١٦ يناير ٢٠٢٣

ملاحظة

Breakout is done but price is still below the important level of 7350.

١٧ يناير ٢٠٢٣

ملاحظة

Made a high of 7334 which is lower than 7350.

١٧ يناير ٢٠٢٣

ملاحظة

It Crossed and closed above 7350.

١٩ يناير ٢٠٢٣

ملاحظة

Could not sustain above 7350.