Ambuja Cement

This stock has completed 4th wave on daily time frame, and now possibly we are in 5th wave, once resistance trendline is broken then it would be a good trigger point to go long, stock had reached that trendline and currently trying to break, once it's broken, then bulls can take charge, also trend indicators and wave counts are suggesting to go long.

Overall wave structure on daily time frame

Macd in daily positive crossover and Uptick and also above zero line

Macd in weekly positive crossover and Uptick and also above zero line

RSI trendline breakout on daily time frame, uptick and also above 60

Price pushing upper bollinger band to open more upside

RK's Mass psychological Cloud buy activated

Dmi adx also positive on daily time frame

Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing

Trade closed: target reached:

Target reached on 19 august