The 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
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