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singhharshit2112
Apr 8, 2021 8:21 AM

Multi Year Breakout in AMBUJA Long

AMBUJA CEMENTS LTDNSE

Description

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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