FUTURE :
“BEARISH
AMBUJACEM BELOW 240 TGT 235/233”
“BULLISH AMBUJACEM ABOVE 243 TGT 246/250”
DAILY RESISTANCE: 243, 246, 251,256
DAILY PIVOT POINT: 241
DAILY SUPPORT: 238, 236, 231, 226
DAILY CHATS
UPCOMING RESULT: AMBUJACEM
It is looking weak on
charts however it is accumulating below its major support level 240 and
recently has given breakout of its previous major suport level of 242, it is
likely to experience fresh selling with the crossing of mentioned level, where
one may keep the targets of 235,233 in the stock .The stock is showing
correction since past few sessions and also sustaining above lower trend line
support level. Currently it has formed reversal pattern on the short term
charts and trading below the resistance level of 243.Breakout of its resistance
level may show recovery in it where traders can expect targets of 246 and 250
while major support of 240 can be placed as technical stop loss.
Simple
Moving Averages
|
Days
|
BSE
|
NSE
|
30
|
237.27
|
237.50
|
50
|
234.70
|
234.87
|
150
|
242.88
|
243.05
|
200
|
237.70
|
237.85
|
|
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