Ambuja - Showing strength
Good strong recovery, a triangle pattern on the daily chart, stock at resistance, a very strong green candle on Friday breaking and closing above the triangle pattern, bullish RSI divergence, economic activity commencing leading to spurt in pending infra projects being taken up on priority... how many more reasons do we need to enter the stock if not already done. Go long above 194.85 for an immediate target of 205 where there are multiple resistance points. Once that is taken out, the stock can quickly head to 217.50 .... SL 188.00
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