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- We have seen long build up in the Ultratech Futures on Thursday, where we have seen 3 per cent addition (Prov) in Open Interest with price rising by 1.87 per cent.
- The stock price has broken out from the downward sloping trendline on the daily chart.
- Primary trend of the stock is positive as stock price is trading above its 100- and 200- day EMA.
- Momentum Oscillators like RSI (11) and MFI (10) are sloping upwards and placed near 60 on the daily chart, indicating strength in the current uptrend.
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