Turning Bullish: Ambuja Cements
Ambuja Cements has turned bullish in the last couple of sessions.
Ambuja Cements has bounced back strongly from the support zone of 454 levels.
Currently trading near the 20 EMA level 538
It has strong resistance around 585, 643 and 692 levels.
It has to firmly hold the current levels for any upside momentum.
Upon getting volume confirmation, can consider entering the stock for short term to medium term profit of 15 – 20%
Ambuja Cements has bounced back strongly from the support zone of 454 levels.
Currently trading near the 20 EMA level 538
It has strong resistance around 585, 643 and 692 levels.
It has to firmly hold the current levels for any upside momentum.
Upon getting volume confirmation, can consider entering the stock for short term to medium term profit of 15 – 20%
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