๐จ ITD Cementation is marching towards a key resistance!
ITDCEM
๐ Price Setup
Current Price: โน902.30
Stock is now testing upper resistance of the long-term rising channel.
๐ 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.
๐ฆ Key Levels
Immediate Resistance: โน910โโน950 (channel top)
Support Zone: โน800โโน850
Major Support: Near โน700 (lower channel)
๐ Takeaway
Bullish trend but a pause or minor correction likely.
Sustained breakout above โน950 may trigger another strong leg up.
Short-term caution warranted due to overbought momentum.
๐ข Disclaimer: This is for informational purposes only. Not a buy/sell recommendation. Positions may or may not be held.
๐งโ๐ผ Rajneesh Sharma | SEBI-Registered Research Analyst (INH000020332)
๐ Investments are subject to market risks. Please read all related documents carefully.