Ultratech Cement surged to a record ₹12,544, breaking past key resistance on strong volume. Analyst Financial Independence flagged a bullish structure with higher highs and rising momentum. While RSI at 74.5 hints at short-term profit booking, the stock could rally to ₹12,700- ₹12,850 if it sustains above ₹12,500. Support lies at ₹12,000- ₹12,100.