Ambuja Cement has bounced back from the lower channel and moved towards 0.382 Fibonacci retracements. One can go long if it crosses 211.30 with a stop loss at 206.60.
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Price is about to touch 61.8% Fib Retracement, so one should trail their stop loss from 206.60 to 206.90 or as per their profit-taking appetite.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.