vikramsthakkar

Ambuja Cement Bullish close @ Demand Zone with Bullish Divergenc

Long
NSE:AMBUJACEM   AMBUJA CEMENTS LTD
Buy Ambuja cement in range 268-270 stop loss 262 Target 282-284-289

Rationale: Bullish close @ Demand Zone with Bullish Divergence , Rise in volume on hourly chart with falling trendline breakout.
Theres immediate resistance @ 272-275 (50DMA & Gap supply, once taken out expect targets to achieve)