AMBUJA CEMENT - POTENTIAL BREAKOUT
price has formed a tight consolidation
PEMA has squeezed (13,34,55) and also PB oscillator. the monthly cpr width is narrow.
price has showed a bullish strength at the start of the month.
there are a confluence of resistances just above the bearish trendline
sustaining above money zone high and previous month high could give a good upmove for the month.
stoploss slightly below monthly cpr.
PEMA has squeezed (13,34,55) and also PB oscillator. the monthly cpr width is narrow.
price has showed a bullish strength at the start of the month.
there are a confluence of resistances just above the bearish trendline
sustaining above money zone high and previous month high could give a good upmove for the month.
stoploss slightly below monthly cpr.
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