AMBUJACEM is moving in a channel.
It made a Doji near the channel support followed by Hammer .
Q4 results were also decent.
One can initiate positional long position with the stop loss of 234- 235.
1st target 251.
2nd target 268- 270.
1st target completed. Looking strong for 2nd target with merger news with ACC.
Trade closed: target reached:
2nd target completed. Closing the trade. One can maintain trailing stoploss and continue. Please be careful in the range 270- 275.