AMBUJACEM trade ideas
Ambuja Cements _ Edu PurposeAmbuja Cements is near to its 52 week high, stock looks bullish but there must be some consolidation before move from the current level because RSI is at overbought zone, shooting star formed in one hour chart at the end of the session and among all the stocks which are in overbought zone, Ambuja cements is the only one stock which OI has decreased huge.
Breakout on Daily ChartAmbuja cement was in downtrend since October 2017 and now it has given breakout and ready to given an upmove. Potential targets are mentioned over chart.
Other Technical indicator also giving uptrend signal. Money flow Index has crossed the 20 line and indicated the uptrend . Weighted moving average has also given cross over. All technical indicator are indicating start of an uptrend
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