Cement sector has gone under time wise and price wise correction form the past 10 days.
Also the recent launch of Gati mission by Hon’ble PM, expands the horizon of infrastructure development in India which would aid -
1. Efficient Logistical support
2. Enable better mobility and connectivity
3. Promote local trades
4. Real Estate development as whole.
Gas prices are rising globally. Similarly, ONGC and GAIL, are trading at higher prices. It will have a spill over effect on Gas infrastructure and distribution companies like Gujgas and IGL.
Also Gujgas is trading at a crucial support price of 612/-
Buy Gujgas with a small SL of 590/- and targets of 700 in 30 days.
As we Can See it is consolidating betwwen rang and not breaking the either side ....as of now it is geting rejected from 222-223 if in coming days its give breakout then we can go long on it till 234
Buy above 225
Can Trade it Through Options
SL As per ur risk Becasue Lot size is too big (2800)
Ashoka Buildcon, flag pattern BO on the cards, turning around from long-term (monthly) support level of 96, currently near resistance level around 101, next mega resistance at 115. There is news in favor too.
Larsen and toubro has been one of the favourites of the traders because of the good returns constantly, and this time also similar is expected from this company, it is taking support of the trendline and RSI is supporting the. growth too
Cement sector as a whole has been subdues in the ongoing bull run. There is also decent accumulation in the price band of 26500-27900. As per the specifics and fundamentals, there is going to be some moderate buying in this sector owing to the RIGHT PRICE.
I would suggest to invest in future and hold till September. Don’t put SL, instead buy if it comes to levels...
Multi-Year Breakout above 5 Year Resistance of 89
Huge Gap in Weekly Charts filled after 5 years and 3rd Breakout Attempt
Short Term Tgt : 103 - 113 - 121
Time Frame : 1- 3 Months
Long Term Tgt : 160
Time Frame : 3 - 12 Months
R:R - 1:5
SL : 76
Golden Cross Over & +ve RSI Divergence