Ambuja Cements . CMP : 310.7
A rising edge pattern can be seen. Hidden negative divergence in RSI and price action. Close above 313 even on half hrly can be taken as stop loss. Tgt 298.
For a slightly medium term outlook, We can see if the elliot wave count holds. If on downside 295 is not broken then we move to wave 5.
A rising edge pattern can be seen. Hidden negative divergence in RSI and price action. Close above 313 even on half hrly can be taken as stop loss. Tgt 298.
For a slightly medium term outlook, We can see if the elliot wave count holds. If on downside 295 is not broken then we move to wave 5.