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Published on 3/06/2020 12:17:38 PM | Source: HDFC Securities Ltd

Momentum Pick - Buy India Cements Ltd For Target Rs. 138.50 - HDFC Securities

Posted in Broking Firm Views - Short Term Report| #Cement Sector #Heidelberg Cement India Ltd #HDFC Securities #Trading Report

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Observation:

* After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce today.

* Currently, the price is making an attempt to show upside move above the key upper resistance.

* The short term trend has turned positive.

* We observe a formation of positive candlestick pattern as per intraday/daily timeframe chart.

* Volume has started to rise along with the upmove in the stock price.

* The daily/intraday RSI is showing positive indication.

Buy India Cements Ltd Up to 7 days CMP 131.80  Target 138.50  SL 125

 

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