UltraTech Cement: Bullish Momentum Builds Near All-Time High with Breakout Potential

https://preview.redd.it/a8nw9txfnl6e1.jpg?width=1920&format=pjpg&auto=webp&s=1f23f9f1bbb5d6da872524f96362336b8ef3ec67 https://preview.redd.it/9vc0ezrgnl6e1.jpg?width=1920&format=pjpg&auto=webp&s=d15c56334c9f31dc56529d6882aaab48eb94b537 UltraTech Cement is consolidating near its all-time high, with Bollinger Bands contracting—indicating a potential big move ahead. The Rohit Momentum Indicator (RMI) is signaling a buy, and the stock is trading above the 20 EMA and 40 EMA, reflecting bullish momentum. Fresh OI additions at the 12,500 Call strike indicate bullish sentiment. This sets up a 500-point trading range, offering opportunities for breakout and momentum trades. Fresh OI additions at the 12500 call suggests that the call writers are shifting their position to 12500. This development potentially opens up 500 points upside based on the Open Interest data