According to the chart, orient cement is looking long. It has clearly broken consolidation of last some days as you can see on the chart and it is gradually increasing along with the uptrend line. And we can see that buying intent of last three days is also increasing, but the factor that can is a little bit negative is the volume of buy, but it is increased from the last candles. The increment in the price could be that Harimohan Bangur (promoter of Shree cement) bought(sources) 1140500 shares of orient cement @ 96. So people are assuming that the price will be going up.
You can keep your eyes on the stock.
Disclaimer - These are my personal view I don't claim you to buy this stock.Trade-in stock at your own risk.
Comment your view on this
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You can keep your eyes on the stock.
Disclaimer - These are my personal view I don't claim you to buy this stock.Trade-in stock at your own risk.
Comment your view on this
Thanks