India Cements Ltd stock analysis 2017

INDIACEM share short term technical analysis

India Cements stock last closed at 145.55 with loss. On daily chart, stock is strong bullish trend and achieved all January targets. We saw bottom around 110 in December 2016, and from then stock given strong reversal on strong buying and continuously trend higher. Bullish breakout was at 114 and then after stock achieved all tgts of 123-129-138 and 145 rupee and trading above them. Above 145 expect short covering rallies to continue for big upside. Future traders above 145 keep long view and expect 5-10% upside in stock futures. India Cements Ltd stock analysis 2017

INDIACEM share long term technical analysis

India Cements share weekly chart, price trend and momentum both are bullish. Stock has given bullish long term breakout at 116 level and now heading towards 2017 targets of 170 and 216 rupee. On chart, 133 and 116 are support zones on weekly chart as well as fresh buying levels on retracement. Weekly closing below 116 means bearish breakdown and downtrend for stock. India Cements Ltd logo

India Cements Ltd company information

The India Cements Limited is a cement company. The Company’s brands include Sankar Super Power, Coromandel King and Raasi Gold. These brands are also available under sub brands, such as Shankar Shakti and Coromandel Super Power. The Company’s plants are located in various locations in India, including Malkapur, Vishnupuram, Chilamkur, Yerraguntla, Vallur, Sankari, Dalavoi, Sankarnagar, Banswara and Parli. The Company, based on customer requirement, also supplies its brands in High-density polyethylene (HDPE), Paper and Laminated packing. It produces both the variants viz Blended Cement, as well as Ordinary Portland Cement under different grades. The Company’s subsidiaries include ICL Securities Ltd., ICL Financial Services Ltd., ICL International Ltd., Industrial Chemicals & Monomers Ltd., Trishul Concrete Products Ltd., PT. Coromandel Mineral Resources, Trinetra Cement Ltd., Coromandel Mineral Pte Ltd., Coromandel Electric Company Ltd. and India Cements Infrastructures Ltd.   Tag: india cement share price, india cement share price history, india cement news, india cement share price target, india cements jobs

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Pramod Baviskar

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