Buy India Cement for target of Rs 130: Religare
Birendrakumar Singh, technical analyst, Religare Securities is of the view that India Cement on the weekly chart is forming a rounding bottom. He expects the stock to touch target of Rs 130.
By ET Bureau |
MUMBAI: Birendrakumar Singh, technical analyst, Religare Securities is of the view that India Cement on the weekly chart is forming a rounding bottom. He expects the stock to touch target of Rs 130.
“India Cement on the weekly chart is forming a rounding bottom. Last two weeks the volume was comparatively higher. In case of a strong move above Rs 116.20 the stock would turn bullish. Maintain a stoploss of Rs 105 for long position for target of Rs 130,” Singh said.
Note: The call is valid for 2-3 weeks.
“India Cement on the weekly chart is forming a rounding bottom. Last two weeks the volume was comparatively higher. In case of a strong move above Rs 116.20 the stock would turn bullish. Maintain a stoploss of Rs 105 for long position for target of Rs 130,” Singh said.
Note: The call is valid for 2-3 weeks.
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