Ambuja Cements - Levels to watchAs market mood is choppy and result season is approaching soon
Its important to note the upcoming important levels for Ambuja Cements
Recently the stock gave a good rally but is now approaching towards its first strong resistance level of 590
Post that it has 2 more strong upside resistance at 610 and 635
Downside right now the nearest and strongest support levels are at 530 - 515 - 485
Take confirmation bias from lower Tf before entering any trade & play accordingly
Ambujacementtechnicalchartsetup
Ambuja Cement cmp 580.50 by Weekly Chart viewAmbuja Cement cmp 580.50 by Weekly Chart view
- Support Zone at 453 to 483 Price Band
- Resistance Zone at 590 to 616 Price Band
- Rising Support Trendline seems sustained
- Bullish Double Bottom formed at Support Zone
- Falling Resistance Trendline Breakout is sustained
- Volumes are getting in close sync with avg traded quantity
- Bullish Rounding Bottom in completion stage at Resistance Zone neckline with Support Zone as base