Ambuja Cement - Bullish Pattern in making

Daily Charts

• After a long consolidation from June 2014 for 6 months (204 - 238), Ambuja cement is on the verge of  a cup and handle pattern breaking out.
• The stock is also forming a small triangular pattern, which is bullish in nature.
• Indicator showing positive divergence on daily charts.

R - 234/238
S - 226/222

Raju V Angadi

Equity Research Analyst

To Learn simplified objective approach applying Advanced concepts of Elliot Wave Theory in conjunction with Dow Theory & Psychological traits to trade with some common sense & optimize your investment / trading decisions contact on:

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