Cementing Gains !!!!

CAmbujaement stocks were much in the limelight this week as most of the stocks gained to the tune of 10-20%, the talks of undervaluation, real estate play and the sector churning……the reasons are many but one has to clearly watch the magnitute of jump these stocks have done

 

I have put in the chart of AMBUJA CEMENT to help you understand the fierce breakout this stock has given since the beginning of the month, the stock was stuck up in a range since or 185- 205 since last 3 months and this breakout can surely be a trend changer and sentiment booster for the stocks

Hope to see some more fireworks from the sector and stock, but a brief correction might not be ruled out, which could be a buying opportunity for short to medium term traders

 

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AUTHOR: Ashish Andani
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