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AMBUJACEM down april
Ambuja is currently under in pennant pattern which is a bullish breakout pattern. Confirmation level is above than 225.
Now its travelling On pivot line,If Its Break 187 May its going to fall down,Target 1-172, Target 2-150
Bullish WW has formed and triggered at 251. Keeping stop at 248, it can tgt for 260/65
The peak of the share had reached where its RSI is also above 80% and same levels were observed in last month July 2015. The same case will be repeated this time also.
Ambujacem - A potential Cypher pattern, Trendline resistance, Huge Divergence.
It can be a sweet short.