Ambuja Cement constructs an ascending channel on Daily chart
After breaking out of a descending channel Ambuja Cement has now constructed ascending channel on daily chart. In most cases these type of channels break down in lower levels at the end. However for a breakdown the stock needs to break 540 level convincingly. Now traders may wait for a break in either side for a successful trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.