ACC, Grasim: Cement stocks have more steam left in the short-term

All the major cement stocks are gearing up for next upside, check the near term support and likely targets here

India Cements Ltd (INDIACEM)
Likely target: Rs 250 (after sustaining above Rs 220)
Upside potential:  13%

After recording a new 52-week high at Rs 232, the shares of India Cements experienced a mild resistance with selling pressure staying intense below Rs 220. As long as the stock fails to sustain above this hurdle of the Rs 220 level, the decline may gain a negative momentum. However, a stable move above this obstacle may open new doors towards Rs 250 levels.   CLICK HERE FOR THE CHART

Grasim Industries