ambuja cement is below all the imp moving avgs lines. stock closed below 200 dma as well which suggest further weakness in stock. in short term we may say targets of 220 level . breaking that stock will find support at 210 level which is trend line support.
the stock has been in a triangle formation in weekly chart which is a continuation pattern . now it will be interesting to watch two levels 220 and 210. 210 will act as very imp support.
trade -
sell with 235 sl for 220 target
trade -
sell with 235 sl for 220 target
KA