singhharshit2112

Multi Year Breakout in AMBUJA

Long
singhharshit2112 Updated   
NSE:AMBUJACEM   AMBUJA CEMENTS LTD
There is a multi year strong bullish breakout spotted in Ambuja Cement on its Monthly Charts. March 2021 candle was a Bullish Marubozu candle. The breakout is also confirmed by a green candle on its weekly chart. Bulls have established their control over this stock. 50 day EMA and 100 day EMA have already shown a buy signal on its weekly charts.
Comment:
There is also a significant rise in volumes which conforms the further uptrend.
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