GACL …another beaten down cement counter…the stock seems to be at the best possible support region …
It has hardly been the case that stocks or indices stay below such yearly levels for more then 2-3 weeks…Panic selling can happen if it stays below 100 for 2 weeks…
In the longer run if it bounces from here and stays expect the long term trend to remain positive…MAny cement counters look similar….3 months down the line the statements made today would come into counting ….
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