Go long in India Cements: Amit Harchekar

Go long in India Cements, says Amit Harchekar, Sr Technical Analyst-India Pvt Clients, IIFL.

Harchekar told CNBC-TV18, "India Cements has given very good breakout from ending diagonal and that too about Rs 68, so as long as stock holds above Rs 68 we have an immediate target of Rs 85 in the very short-term."
He further added, "I believe the volumes are also quite promising in last two days of upmove and it has seen good amount of consolidation. So I believe at current levels risk reward ratio is more favourable to that upside and one can go long even at current levels with a stop loss of Rs 66."