AMBUJACEM is already in a downtrend. Today’s
close is at 163.55. It is full 4.80 % down bar. After 10 days of consolidation
AMBUJACEM broken down decisively with a decision bar. One can sell this stock
for the down targets of 158 & 153. And close below 153 can drag it down to
147 / 145 kind of levels. A strict Stop Loss can be maintained at 168 on
closing basis.
Please
refer the chart below for better understanding.
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