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BUZZ-India's UltraTech Cement hits over 4-mth low; technicals suggest further downside

** Shares of UltraTech Cement Ltd fall as much as 7 pct to 3,380 rupees, lowest since July 8

** Stock's 20-day exponential moving average (EMA) has cut below its 50-day EMA, a bearish signal tmsnrt.rs/2gcdFog

** Stock price has cut below its 200-day EMA at 3,520 rupees, also seen negative for stock

** Trend Intensity indicator rises to 15 points from Friday’s level of 13, suggesting start of a new downtrend

** MACD (moving average convergence/divergence) is also negative & below its signal line

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