On the weekly timeframe, Ultratech Cement has successfully given a breakout above its all-time high, crossing the critical resistance zone of 12,130–12,150. This breakout signals strong bullish strength.
Additionally, the moving averages have started trending upward, further confirming a bullish trend and reinforcing positive price action.
From a momentum perspective, the RSI has broken out of its consolidation phase, indicating a strengthening momentum and suggesting more upside potential.
Looking ahead, as long as the stock sustains above 11,515 — which is aligned with the 9-period EMA — the stock is well-positioned to move toward the next potential targets of 12,750 and 13,000 in the coming weeks