Long setup on ITD cementationITD cementation is infra sector and sector as a whole getting lot of investment from government. The ITD cementation is already at all time high revenue and margin improving. The stock seems to be breaking out and might reach 145+ in mid term. depending upon financial results might go even higher. stop loss 93.
Disclaimer: The stock/index/currency discussed do not constitute Investment/trading advise and is merely an effort towards enhancing learning, knowledge and book keeping. Kindly do your own due diligence and/or consult investment advisor before making any investment/trading decisions
ITDCEM trade ideas
Long setup in ITD cementationThe ITD cementation is in the construction sector where the government is focusing a lot which could lead to tailwind in the sector.
The chart is in the accumulation phase with price taking support at the support level. Once the base formation is complete the price can touch 95 and if 95 is broken can go to 140. The stop loss would be 68.
Disclaimer: The stock/index/currency discussed do not constitute Investment/trading advise and is merely an effort towards enhancing learning, knowledge and book keeping. Kindly do your own due diligence and/or consult investment advisor before making any investment/trading decisions