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Investors have paid higher prices over time to buy Star Cement Limited and the stock is in a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 122 rupee.
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Volume has previously been high at
price tops and low at price bottoms. Volume
balance is also positive, which strengthens
the trend. RSI above 70 shows that the stock
has strong positive momentum in the short
term. Investors have steadily paid more to buy
the stock, which indicates increasing
optimism and that the price will continue to
rise. The stock is overall assessed as
technically positive for the medium long term.
