AMBUJA CEMENTS LTD

Ambuja Cements

83
Ambuja Cements . CMP : 310.7

A rising edge pattern can be seen. Hidden negative divergence in RSI and price action. Close above 313 even on half hrly can be taken as stop loss. Tgt 298.

For a slightly medium term outlook, We can see if the elliot wave count holds. If on downside 295 is not broken then we move to wave 5.

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