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  4. UltraTech Cement hits four month low

UltraTech Cement hits four month low

Published by
 World Cement,

Reuters are reporting that shares of UltraTech Cement Ltd have fallen by as much as 7% to 3380 rupees. The lowest figure since 8 July.

UltraTech Cement hits four month low

Stock's 20-day exponential moving average (EMA) has cut below its 50-day EMA.

Stock price has cut below its 200-day EMA at 3520 rupees, also seen negative for stock.

Trend Intensity indicator rises to 15 points from 12 November level of 13, suggesting start of a new downtrend.

Read the article online at: https://www.worldcement.com/indian-subcontinent/15112016/ultratech-cement-hits-four-month-low/

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