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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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.