UltraTech Cement, a share of the S&P BSE Sensex index, has fallen over 35 per cent from its November 2021 highs, putting the stock effectively in a bear grip, but technical indicators suggest the possibility of a technical bounce in the short term . The cement major hit a 52-week high of Rs 8267 on 8 November 2021 but failed to sustain the momentum. It closed at Rs 5,330 on 20 June 2022, which effectively translates into the downside of the over