UltraTech Cement awaiting a flag breakout

• The stock has witnessed a high-volume breakout on posting Q4 earnings and tested a new all-time high on 25^th April.
• The stock has sketched a flag pattern near all-time high of 4600 level on 2^nd May 2019.

• The major support for the stock is placed at 4100 level.
• The recent developments in the stock suggest strong positive momentum in coming weeks once with the conformation of high-volume flag breakout.