AMBUJACEM trade ideas
Ambuja Cements BreakoutThe stock has broken out and retested, so it may undergo a rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the previously upper and lower trendline. The target is placed based on fundamentals and near swing high.
Ambuja Cements Short Term Breakout TradeThe stock has broken-out and retested which may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 1:1
SL is placed below support zone , 200 EMA & the lower trendline. The target is placed based on fundamentals.
Ambuja cementAmbuja Cement has given a breakout on multiyear strong resistance.
Company has the third largest market cap in the cement sector and is second in terms of sales this quarter.
Fundamental good. Technical good. Can this be the next ultratech?
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Disclaimer : Above information is for educational purpose only . Any trade taken will be at your own risk.