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Ambuja Cements, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 89959.66 Crore) operating in Cement sector.

"Overall, the ITC stock is fairly valued at this stage. Further growth triggers for ITC could come in terms of further improved profitability in the FMCG segment as well as progress on hotel de-merger. It could take some time. I would agree with you that near term, the upside looks capped."

​The Futures Long Position Scan performed on August 18 revealed Aggressive New Long positions were taken on some largecap counters.​

On the longer time frame, the counter witnessed a breakout of trend-line resistance at around Rs 2450 levels on the daily chart. It retested near its breakout levels and started a new leg of the rally towards Rs 2600. The structure of the counter is good for long-term investors, as it is trading above all the important moving averages.

Equity markets are notoriously volatile in the short term. Trying to predict market levels in the short term is akin to flipping a coin. As a result, I would refrain from attempting to forecast market levels in the near term.

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

The inaugural fund was structured as a proprietary fund, backed by our personal capital, in collaboration with a few friends from our school. The nomenclature "Artha99" derives from our school year of completion, which was 1999.

The economic growth in India, which is growing at the fastest rate, provides a tailwind for Indian businesses and is leading to higher earnings and valuations for stocks.

“The price action demonstrates an inability to sustain higher levels, curtailing the scope for significant upward movements. This pattern indicates a market environment where caution and strategic planning are crucial, considering the challenges posed to sustaining profitable long positions,” he says.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond.