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Given a strong break out with strong volume. Buy on decline around Rs.27.
Likely to trade between 27 and 30 unless it breaks 30 on high side on closing basis with heavy volume.
If Rs.30 sustains on closing basis then next target is Rs.34.
KCP Ltd. result and its third interim dividend are positive and strong triggers for accumulation of the stock on correction.
So long the stock trades above 52 week high of Rs.28 it shall trade firm as stock going in the stronger hands.
Cement stocks are trading strong like JP Associate, India Cement and KCP on the back of increase cement prices and strong infrastructure growth. Keep cement stocks under your radar list.
QSee 200% upside in KCP, says Rajen Shah.UQYes this is a multibagger stock.
Given a strong break out with strong volume. Buy on decline around Rs.27.
ReplyDeleteLikely to trade between 27 and 30 unless it breaks 30 on high side on closing basis with heavy volume.
ReplyDeleteIf Rs.30 sustains on closing basis then next target is Rs.34.
ReplyDeleteKCP Ltd. result and its third interim dividend are positive and strong triggers for accumulation of the stock on correction.
ReplyDeleteSo long the stock trades above 52 week high of Rs.28 it shall trade firm as stock going in the stronger hands.
ReplyDeleteCement stocks are trading strong like JP Associate, India Cement and KCP on the back of increase cement prices and strong infrastructure growth. Keep cement stocks under your radar list.
ReplyDeleteQ
ReplyDeleteSee 200% upside in KCP, says Rajen Shah.
UQ
Yes this is a multibagger stock.