Rationale: We have seen Long positions being built in Ultra tech futures’ yesterday where We have seen sharp Rise in Open Interest with Price rise of 3%
Stock price has given breakout on the daily chart by closing above the resistance level of 3850 level with rise in Volumes
Momentum Indicators and Oscillators like RSI and MACD are Indicating strength in the stock for the short to medium term
Cement as a sector is doing well since last couple of weeks
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.