Gujarat Sidhee cement Flag breakout in daily Charts, with which gives comfort to the buyers to enter into the stock. The recent volumes have been pretty good and this is a stock from the cement pack which warrants a buy at this point of time.
The possible price target for the stock.is rs.16 within say 15 days time frame, with a stop loss of rs.12.30 on daily closing basis.
The stock has closed arnd 12.90 and the target is for Rs.16 so the risk reward ratio is favorable and the capital investment is not much as well.
If we see the weekly charts as well , the stock has after a long time changed its trend and the has broken out of it with huge volumes. which indicates that the stock can see good movement on the upside.
I am sorry for not being regular, but please write ur comments and questions about stocks which will motivate me to be regular .
Thanks and Happy Investing
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