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Rajneesh Sharma CFTe

5th Jul 2025 ยท SEBI-Registered Analyst

๐Ÿšจ ITD Cementation is marching towards a key resistance!

ITDCEM
๐Ÿ“Š Price Setup Current Price: โ‚น902.30 Stock is now testing upper resistance of the long-term rising channel. ๐Ÿ“ˆ Technical Picture Trend: Strong uptrend remains intact. RSI: Overbought at 83.43 โ†’ signals possible short-term exhaustion. Previous touches at this channel top have led to temporary pauses or pullbacks. ๐Ÿšฆ Key Levels Immediate Resistance: โ‚น910โ€“โ‚น950 (channel top) Support Zone: โ‚น800โ€“โ‚น850 Major Support: Near โ‚น700 (lower channel) ๐Ÿ”Ž Takeaway Bullish trend but a pause or minor correction likely. Sustained breakout above โ‚น950 may trigger another strong leg up. Short-term caution warranted due to overbought momentum. ๐Ÿ“ข Disclaimer: This is for informational purposes only. Not a buy/sell recommendation. Positions may or may not be held. ๐Ÿง‘โ€๐Ÿ’ผ Rajneesh Sharma | SEBI-Registered Research Analyst (INH000020332) ๐Ÿ“„ Investments are subject to market risks. Please read all related documents carefully.

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