Till now tyre industry was in the uptrend and now cement sector is the flavour of the month and these sectors keep changing and thus you have to be dynamic in the approach. Check best tyre stock to buy to make money.
Have a look at leaders in the cement sector and names of ACC, Ambuja cement comes to the forefront. We had earlier covered that why India Cement will show an upmove now and readers have benefitted with the trading strategy. Have a look at the stock charts which will show you that cement industry is on the up move. We present below the screenshots for ACC and Gujarat Ambuja cement for you to see how uptrend remains in force. As you can see that ACC is in uptrend with support as 1269.
Gujarat Ambuja cement stock is between the support at rupee 200 and the resistance is at rupee 211. A definitive break through of one of these levels predicts the new direction and thus one has to be dynamic following the breakout stocks. Break of 200 level means that stock will find support at 190 level.
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