|STOP LOSS||Below 97 (On closing Basis)|
|TIME FRAME||8-10 Weeks|
India cement has made higher top & higher bottom after long range bound consolidation on weekly chart. Stock has crossed and currently trading above range bound consolidation zone. Stock is also trading above all key moving averages and RSI and ADX are also showing strength on weekly chart.
We are recommending strong Buy around 114-119 with Stop Loss below 97 (Closing Basic) for Target of 155 in next 8-10 weeks.