PRISM CEMENT - Low Price Stock Pick


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PRISM CEMENT - Low Price Stock Pick

Anybody tracking Prism Cement?

Well, this stock looks to begin a new uptrend and test its previous top of 28.00

Look to Buy now with a stoploss at 19.00!

Would appreciate if members would contribute their fundamental or technical view on this stock!
I am traking Prism Cement for last 5 months. It has come down heavily from 28 to 19.
Now its downtrend looks near completion. It has very godd support at 19. First resistance would be Rs.22.

Great call....lookin' good!!

all cement companies are to do well . Lot of infrastructure works are in progress and new ones are coming up. Cement should remain in demand. Prism was at 29; at that time i have bought 500 and now it is trading 18 - 19. But I hope it should pick up.
Its a good stock and I have traded it a couple of times, I think one can go long on short-term delivery basis keeping the final stop loss slightly below 18.5, entry can be made near 19.5 20. The script faces an immediate resistance near 23 and by closing above it in high volumes the stock can spurt up to 27 in short term.
Prism cement failed to cross 21 mark recently. It is now trading at Rs. 19.50. U might get it around 19 tomorrow. I have kept target of 18.50 for buying.
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