ITD Cementation Ltd - 17.03.2022
The stock is trading @ 67.75 levels
There is a RESISTANCE Level @ 71
There is a SPINNING TOP in Daily Chart
The prices are above EMA
There is a SUPPORT Level @ 65
One can initiate a buy position above 72 with support @ 65
watch out for the price action
Short Term Quick Profit
SL : 977
Timeframe < 60 Days
Can hold for longer time
BULLISH WEDGE BREAKOUT
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Fundamental : ITD’s 3Q/9MFY20 order inflows have been robust at Rs 26/56bn ex Rs 3.5bn L1. Kolkata HC has given green signal to stuck Kolkata metro and ITD maintains no write offs in this project.
ITD has won new orders worth Rs 56bn (9MFY20) taking total order book to Rs 126bn. Bid pipeline is strong at Rs 120bn with 50%+ marine projects up for grabs. ITD...