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Ambujacementsltd

AMBUJACEM Analysis(Ascending Triangle)!NSE:AMBUJACEM Analysis! 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 are expecting a bullish move in Ambuja Cements. RSI is in sync with price, it is also trending upwards for an additional confirmation we have taken RSI Analysis. Rest of all analysis you can find on chart. Thank You! Entry = Entry would be at current levels Stop Loss =Stop Loss below 395.75 which is it's recent swing level. If it breaks the price may fall down. Target = 548.60 but 485.25 is a probable resistance level kindly observe price behaviour at this level. If strong bearish candle formed(Bwarish Engulfing, Bearish Marubozu etc.) at this level we will exit. Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NSE:AMBUJACEMLong
by Avinash9087
Ambuja CementCompany'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 Flow from operation for last 2 years Annual Net Profits improving for last 2 years Company with Zero Promoter Pledge Company with decreasing Promoter pledge FII / FPI or Institutions increasing their shareholding indicates Strong Financials 3 year CAGR growth Revenue 3.5% NetProfit 8.5% OperatingProfit 15.7% Promoters released all pledges in Dec 2022 qtr. Promoters holding remains unchanged at 63.22% in Dec 2022 qtr Mutual Funds have increased holdings from 7.37% to 7.79% in Dec 2022 qtr. Number of MF schemes increased from 44 to 46 in Dec 2022 qtr.
NSE:AMBUJACEM
by stoxway
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