Ascending Triangle Pattern in AMBUJACEM on Daily Timeframe!
AMBUJACEM Retesting it's support level!
Ambuja Cements has made Ascending Triangle Pattern on Daily Timeframe. It has given a decent breakout with average high volume. After it retested it's support level. It has made a s pinning bottom candle on it's support level. We...
Company's Strength :-
Effectively using its capital to generate profit - RoCE improving in last 2 years
Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
Efficient in managing Assets to generate Profits - ROA improving since last 2 year
Company with Low Debt
Strong cash generating ability from core business - Improving Cash...
📈 Ambuja Cement Ltd. 📉
My Findings :-
1. Breakout from a Swing High.
2. Close Above March 2022 High.
Bias - Long
Target - 350, 383, 408, 431 and 442
SL - 292
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your...