ExoProd

Buy INDIA CEMENTS

Long
NSE:INDIACEM   INDIA CEMENTS
Scenarios have shown a reversal of trend. Divergence coming in with braking of resistance may have triggered a bullish momentum now. Currently it seems the stock has made a slight correction after having shown a minor bullish rally and this correction should now come to an end with fresh bullish pattern again forming at key Fibonacci level of 0.618 which happens to be around 108. 108 has been a key level in the past also which indicates it may again act as support and stock may resume it's freshly initiated bull move. A decisive close above 120 may provide for even higher targets of around 130.

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