In the previous session, the Nifty index saw a gap down opening in the morning but rebounded at an important support level. Market remained in a sideways zone throughout the day. No major recovery was seen from lows throughout the session The overall market witnessed volatility and the Nifty index closed with a net loss of 58 points. Traders should be focused on Sector and stock specific strategy for the next trading day.

Look at the below research report of ‘Stocks to Buy for Wednesday, December 07,2022 ’ before the market opens.

Heidelberg Cement India Ltd

HEIDELBERG CEMENT stock price was consolidating since few days near 208-210 levels. In past few sessions, stock retested the same level with positive momentum but didn’t close above the break out zone. Currently, stock is moving near the neckline. This zone has now become an important resistance for the stock. The Relative Strength Index (RSI) on the daily chart is 59, indicating bullishness. A move above 211 will indicate the fresh buying in the stock.

In short, the trend for HEIDELBERG CEMENT looks to be positive for now. Positions can be created only above 211 levels, which can take prices towards 220/226 levels. If the price will sustain above 226 levels, then we will review this stock again.

Check More Analysis on HEIDELBERG CEMENT at: HeidelbergCement India Ltd