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ULTRATECH CEMENT _ 13/12/2024
https://preview.redd.it/58ajxypdti6e1.png?width=1920&format=png&auto=webp&s=6c40a5e03e5855b1b0814e0ae2d10ad7ccddcd76 **On daily chart** * The price of the stock has been in a range since mid June and the support and resistance of the price has been tested several times. * Current the price in an uptrend from November and price reached the resistance zone * We can see a shooting star candlestick, followed by a red candle. This could mean the price is being slowly rejected by the buyers and reversal of the trend. * The RSI indicator is also showing that the price is reaching overbought zone. \----------------------------------------------------------------------------------------------------------------------- Please help reviewing my analysis, thank you so much! This is my 13th day of technical analysis2
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