AMBUJA CEMENTS LTD
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AMBUJA CEMENT - POTENTIAL BREAKOUT

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price has formed a tight consolidation

PEMA has squeezed (13,34,55) and also PB oscillator. the monthly cpr width is narrow.

price has showed a bullish strength at the start of the month.

there are a confluence of resistances just above the bearish trendline

sustaining above money zone high and previous month high could give a good upmove for the month.

stoploss slightly below monthly cpr.

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