1. Trend reversal at a long term demand area ( accumulated for a long time) 2. Can go longs at CMP.
Anjani Portland Cement is a company with a market cap of Rs.753 Crores. The stock is available at an attractive valuation as it is currently trading at a PE of 12.9. Entry in the stock can be taken after closing above 310 with a stop loss at closing below 270. Targets will be 340 and 376. In the long run the stock can even touch the high of 425 if demand in Cement...
Chart is self explanatory. Don't invest and trade blindly.
In consolidation mode, might still chop around in that range bound channel. Need to take out 440 for trend reversal and breakout.