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DevabratAcharya
May 8, 2023 1:29 PM

Ambuja Cement: Is there life in this cement? 

AMBUJA CEMENTS LTDNSE

Description

Technical Analysis :

Strength : Weak
Chart Type: Daily
Chart Pattern : Ascending Triangle
RSI : Above 50
Price : Above 20 MA and below 200 MA
View: Breakout and Positive results
Targets : 415, 426, 437, 450
Supports : 394, 375

The price is currently below the 200-day moving average. This suggests that there is a possibility that the price may not move soon, but instead slowly move up.

Comment

415 & 426 : Achieved !

Comment

437 : Achieved!

Trade closed: target reached

450 : Achieved!
Comments
vanathi
Very good analysis. Yes there is life, without cement we can't build home :)
DevabratAcharya
@vanathi, Thank You. :D
vanathi
@DevabratAcharya, Told you it has life :D it will move further, if volume supports.
DevabratAcharya
spiritedEagle74003
Good Analysis and hit target
farooquesolanki59
bay Karen kya
Avinash9087
Nice Work!
DevabratAcharya
@Avinash9087, Thank you
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