Ambuja cement to take long entryLong Ambuja above 450 for the target level of 482-500. All important levels have been marked on the charts. The logic behind the trade:
1) Stock price rising from the lower channel. Bullish candles have been seen from the support of the channel.
2)Entry after the BO of 50 EMA level.
3) Support taking from 200 EMA level.
Also, volume & RSI divergence will lead to a High probability that the stock will bounce back.
This is for your educational purpose only.
