stock has just moved above its crucial level of 172.90 which is the weekly support level as well as a crucial daily support Watch the RSI indicator closely as the stock has formed a new support at 164.25 Currently by the looks of it one can say that the stock might be trading in a "RECTANGLE" Levels between 164 to 196 indicators suggest that Indicators macd gaining little bit of positive momentum Rsi has bounced from its oversold zone perfectly 50-weekly moving average is currently at 168 which the stock crossed this week "TRADE VIEW" One can execute a long position in this stock at current levels with a stop loss @163.25 for a target of 195
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PLEASE DO NOT PANIC ON INDIA CEMENTS DUE TO THE NEWS ON PETRO CHEMICAL CEMENT SECTOR HAS TAKEN A HIT KEEP OUR ORIGINAL STOP LOSS AND LOOK TO EXECUTE THE LONGS
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AS SAID YESTERDAY HOLD ON TO YOUR POSITION KEEP OUR ORIGINAL STOP LOSS AND LOOK TO EXECUTE THE LONGS
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!!PATIENCE IS THE KEY TO SUCCESS!! HOLD ON THE STOCK OR EXECUTE FRESH LONGS BTST @174 @172.50(S) @179
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!!PATIENCE IS THE KEY TO SUCCESS!! WE HAVE CROSSED ABOVE OUR 174 OLD TRADE OF BUY CMP WHICH WAS POSTED ON 18/11 IS STILL ON. BTST TARGET ALMOST ACHIEVED BUT HOLD ON FOR 179