IPL match spot-fixing and betting scam by Chennai Super King has forced Supreme Court to askSrinivasan and other members who are related to India Cement to step down from their respective post from BCCI for free and fair probe.
Even more to this Chennai Super King might not be allowed to play IPL this time as his son-in-law has been indicted for passing inside information to bookies.
India Cements 60 mins chart:
But what is the outlook for stock?
The above chart clearly indicates that the stock is in downtrend since start of March and as long as this channel is intact the trend can continue on downside irrespective of the event associated. News can result into subjective decision making. For objectivity apply techniques mentioned above!
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