India Cements (Daily)

Technical Analysis Trend: Medium-term uptrend resumed. Structure: Clean breakout above ₹431 with follow-through buying. Price Behaviour: Strong wide-range bullish candle indicates fresh demand. Pullbacks: Shallow and quickly bought. Key Levels: Support: ₹431 → ₹405 → ₹371 Resistance: ₹458 → ₹480 zone Fundamental Analysis Business: Regional cement player with strong South India presence. Tailwinds: Infrastructure spending, housing demand, capacity utilisation recovery. Margins: Sensitive to fuel and freight costs but pricing environment improving. Cycle: Cement is in early upcycle phase. Summary View Breakout aligned with sectoral upcycle.