This stock has been in a sustained downtrend followed by a long consolidation. It is finally looking to break out on the upside by a big margin.
The short term target is 24 at least. Medium term 40. Long 50 at least.
We may want to look for a slight correction only because it has been going up violently. Any dip should be an opportunity to go long.
Since the news of it selling of cement business broke off, this has gone ballistic. There is a lot of pent up aggression left in this and there is a long way to go.
Great buy in cash at around 16 - 17.. and with good timing, a greater buy in leveraged trade for next expiry.