Share Trading Tips

IndiaInfoline is bullish on India Cements and has recommended buy rating on stock with a target of Rs 120, in its November 30, 2009 research report.

“Weekly chart suggests formation of higher bottom. India Cements corrected from a high of Rs 180 in June 2009 to a low of Rs 97. Since then, the stock has rallied up to the current levels without a retest of this low. Last week, the stock successfully broke past the top of last one month. The bullish formation will be confirmed above the levels of Rs 111. Traders can buy the stock in the range of Rs 109-112 with a stop loss of Rs 105 for a short-term target of Rs 118 in the coming trading sessions,” says IndiaInfoline research report.