After consolidation post-downtrend, the stock breached the resistance level of 363 with volume support. Its well set to move upwards toward the next resistance level of 393
Entry - 372
Target - 393
Stop Loss - 362
Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Ambuja cement cmp ard 350.
As per monthly ...Likely to go through red zone(270-150 range - crime scene ) all the way below covid low or in 2 digit ....
Any bounce towards 380-440 could be good level to exit.
View invalid only above 510 weekly close .
Keep an 👀 on 🥇 line😉🤐
Long term resistance of 290 will act as a strong support. We have seen stock facing resistance at 290 level. This will act as a strong support.
We may see reversal from these levels 290-310.
One can add at price 300-330
Targets: 400-450
Sl: 270
Ambuja Cement is a good stock to buy.
See, Ambuja cement was Falling because of Adani News, because Adani Owns this Company.
Company Book Value and balance sheet is very good so this is a good time for entry in this sock.
Buy Ambuja Cement for Long term target of 480/550/620.
Have A Profitable Day.
Good Luck.
Ambuja Cements and ACC shares fell sharply amid a broader selloff in Adani group stocks. The cement firms, which were recently acquired by the Gautam Adani-led Adani Group, plunged up to 10 per cent after Hindenburg Research said it held short positions in Adani Group shares
buy now on 460 price at a lucrative price with potential upside of18 percent
wsup mefor more recos 8459 22 0202
Ambuja Cements Limited is a major cement manufacturing company in India. The company was established in 1983 and is headquartered in Mumbai. It is a part of the LafargeHolcim group, one of the world's largest building materials companies. The company...
Ambuja cement is at the critical low. If it breaks the trendline, it may go up to 440- 450. A positive close may complete the correction trend and look for upside.
We can enter on NSE:AMBUJACEM once price retest support of 516 with stop loss of 505 (-11 Points). I can expect up side level of 534 (+18 Points).
Note: This is my personal analysis, only for learning. Thanks.
