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UltraTech Cement hits four month low

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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.

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