HEIDELBERG CEMENT READY FOR BLAST ( CMP: 196) DATE: 18 OCT 2022
READY TO BLAST ...BREAKOUT STOCK FOR SHORT TERM AND INVESTMENT STOCK FOR LONG TERM The stock is trading in an uptrend with higher highs and higher lows, according to the long-term chart. Investors have the chance to buy shares at a discount in order to build their long-term portfolios. The stock has a rounding bottom pattern and is currently trading at 195 levels. It also has support at the 50 DMA and 200 DMA, which are both at 194 levels. The stock is poised to soar, and any breakout above 217 levels can soon reach 300 levels, according to the volume spikes we are currently witnessing. Fundamentally, cement sector stocks, Smallcap Company. PE = 19 PB =3 ROCE= 21 ROE= 16.5 Debt is negligible in comparison to reserve 206 cr.
