This cement stock can be expected to move towards INR 1190 levels in wave iii of III.
The stock has been maintaining its impulsive counts without much violations and is in very bullish structure.
The stock was seen rising in a wave i of I from Sep-Dec 2023.
Wave ii was a very shallow "FLAT"(labeled ABC) achieving a mere 23.6% retracement of the impulse, which is a sign of strength.
The stock gained 5% on Thursday's session along with a 2month range breakout of price as well as a volume breakout. These signs add to the healthy uptrend continuing for the coming months as well in this stock making it a great pick in the cement space.
On the down 880 will be a crucial support to rely upon.
The stock has been maintaining its impulsive counts without much violations and is in very bullish structure.
The stock was seen rising in a wave i of I from Sep-Dec 2023.
Wave ii was a very shallow "FLAT"(labeled ABC) achieving a mere 23.6% retracement of the impulse, which is a sign of strength.
The stock gained 5% on Thursday's session along with a 2month range breakout of price as well as a volume breakout. These signs add to the healthy uptrend continuing for the coming months as well in this stock making it a great pick in the cement space.
On the down 880 will be a crucial support to rely upon.