Ambhuja Cement Weekly Chart:
Daily Chart:
Weekly chart shows Blue trend line connecting lows since Oct 2008. Ambuja cement is trading very close to the blue trend line and price channel(RED) bottom.
Trend line support comes around 176-74 zone , break of same will add bearishness to the script. On the upside 183-184 zone is stiff resistance. close above same will be first sign of strength. Plan your trade accordingly.
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Nice Work.
ReplyDeleteThanks for sharing.