Is Fauji Cement Company Limited (FCCL) Ready For New Rally?

Fauji Cement Company Limited (FCCL) is currently at a key resistance level of 46.5-49.5, a price point that has been tested multiple times but has yet to break above. A long position can be considered once the price breaks above 50 with strong volumes. RSI is in upward momentum, volumes are strong and well over the 20 MA.

On the fundamental side, a good result along with higher dispatches in July could act as a trigger for the breakout and rally. Trade cautiously.

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⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →