INDIACEM - सीमेंट की मजबूती से भारत का निर्माण मजबूत

Detailed Technical Rationale (Buy-Side) INDIACEM maintains strong bullish technicals trading above 25-day MA ₹389.71 key support with neutral MA outlook (6 buy/6 sell signals), RSI(14) 55.47 buy zone, CCI(14) 112.88 buy confirmation, and ROC 0.014 positive momentum near 52-week high ₹412.8 extension. Pivot ₹360.77 central reference with Classic R1 ₹366.22 / R2 ₹371.67 / R3 ₹374.39 upside targets, support S1 ₹358.04 cluster holding firm during cement rotation. Volume-backed breakout potential 4-8% to ₹390-400 pre-results, stop below 25-day MA ₹389 for 1:2.5 risk-reward.

Micro & Macro View Micro View: INDIACEM benefits UltraTech integration efficiencies, South India market share, capacity 14.5 MTPA expansion pipeline, petcoke cost hedging stabilizes EBITDA/tonne ₹883-1,000 targets despite Q3 realization dip risks. Macro View: Government infra spending ₹11 lakh Cr budget, housing for all urban migration drives 7-8% volume CAGR; RBI cuts boost affordability. Risks: fuel cost volatility, competition but offset by pricing discipline. Key News Events & Impacts Q3 Results Board Meeting Jan 23, 2026: Volume higher YoY infra demand, revenue growth realization QoQ, EBITDA margins expand YoY higher prices but PAT lower YoY high base/other income dip. Earnings call Jan 24 4 PM IST management guidance key. 52-Week High Momentum: Hit ₹465 Jan 8, 2026 validating long-term bullish trend above 150/250-day MAs. Key Watch Levels: Results pre ₹380 resistance break → ₹420 target; sub ₹358 → ₹330 support test.