Hello everyone. This is Ambuja cements hourly chart. As we can see there has been a volatility contraction on the charts. By theory we are also aware the contraction, higher is the building errected from it.
Also the chart pattern is a Symmetrical triangle.
We can expect price to move up if it is breaking 370.
Our immediate targets will be 380 and 390.
Stop loss we can place below 360.
Keeping in mind the prior trend of the stock. We can expect stock to continue its uptrend.
Also the chart pattern is a Symmetrical triangle.
We can expect price to move up if it is breaking 370.
Our immediate targets will be 380 and 390.
Stop loss we can place below 360.
Keeping in mind the prior trend of the stock. We can expect stock to continue its uptrend.