Wednesday, October 13, 2010

CEMENT SECTOR Technical View 14'Oct'2010


ULTRATECH CEMENT

Technical View

Ultratech cement has bullish trend. The stock is now trading in the sideways trend for a while with the positive bias so a decisive move above the level of 1140 can show further upside moments in the coming time.

BINANI CEMENT

Technical View

Binani cement made high of 109 and since then trading with the negative sentiments. The stock has immediate support level of 94 below which if the stock price sustained then some more correction may be seen in it.

JP ASSOCIATE

Technical View

JP Associate has bullish trend. The stock is now trading in the sideways trend for a while with the positive bias so a decisive move above the level of 136 can show further upside moments in the coming time.

ACC CEMENT

Technical View

Acc cement is in consolidation state. The stock is trading in a price band of 985-1050. So buying on dip and selling on higher level will be good strategy in the stock. Till the stock price free from this price band.

AMBUJA CEMENT

Technical View

Ambuja cement is in consolidation state. The stock is trading in a price band of 138-150. So buying on dip and selling on higher level will be good strategy in the stock. Till the stock price free from this price band.


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