India Cement Head and Shoulder(Short)
Technical Analysis
India Cement is about to make a complete right shoulder toward neckline which is a final stage of head and shoulder pattern. once it would break the neckline of 66-67 rupees, we can see a huge break down of the stock.
Fundamental Analysis
Even though India Cements aims to reduce gross debt by ₹200-250 crore in the current quarter, its repayment liability for fiscal year 2020 is estimated at ₹3,750 crore.
Best short contender. Short time fall is 115 and then big fall once it cross 66, that big fall would take long time to hit.
India Cement is about to make a complete right shoulder toward neckline which is a final stage of head and shoulder pattern. once it would break the neckline of 66-67 rupees, we can see a huge break down of the stock.
Fundamental Analysis
Even though India Cements aims to reduce gross debt by ₹200-250 crore in the current quarter, its repayment liability for fiscal year 2020 is estimated at ₹3,750 crore.
Best short contender. Short time fall is 115 and then big fall once it cross 66, that big fall would take long time to hit.
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