AMBUJA CEMENTS "a channel at the beginning but tends to go deep"

Stock is trading in a good uptrend with a perfect "higher highs"/"higher lows" on weekly charts and that is now visible on daily charts as well
If watched closely lower bound is now heavily supported by 100-dma (271)
added there is a crucial support level @273
TRADE VIEW
BUY @ current levels(273-275)
STOP @ 267.90
TARGET @279
NOTE:-
Recently the carpet area news from the government has lead to an up move in housing finance/cement/real estate shares etc.
Therefore the news comes to us a as boost and has caused beginning of new uptrend in these stocks because the news was not factored in by the
markets hence one can expect more upside in these stocks for the coming week or till the expiry.

(day trade)

İşlem kapandı: durdurma seviyesi:

Unfortunately the petro-chemical news has hit the stock badly
One must watch for levels of 259 as crucial rebound level if it does not then one can execute fresh short position

İşlem aktif:

STOCK HAS AGAIN REBOUNDED FROM 259 A STOP BELOW FOR THE DAY AND TARGET OF 270/273 CAN BE ATTAINED