Sell AMBUJACEM

Sell AMBUJACEM below 167, target 155.7 and Stoploss 178.3

Over the past few days, it has been observed that AMBUJACEM has created a strong support at 167. If the price moves beyond this mark, there is a likelihood of further decrease in the price.

Ambujacem is below 200 DMA, we have seen a heavy fall two weeks ago. Last week it went into consolidation and back to a fall. We advise to enter only if it crosses below 167.

ambuja

BPCL wait and watch

Oil scrips on a broader picture should be bullish, but BPCL still experiencing a down trend and tagged in a triangular pattern. Lookout for a direction once it comes out of triangular pattern.

It is under 200DMA, and below PSAR. It is following a downtrend.

bpcl

Buy DLF above 246.9, target 266.3 and Stoploss 227.5

DLF broken a uptrend two weeks ago and had a steep fall. Price also corrected. We are bullish until it won’t cross below 200DMA. Thou the support line may act as a resistance going forward, but it may enter a bull phase once it crosses 247. The formation of hammer and correction it took in last few sessions, indicates, that it is preparing for a bull run.
Over the past few days, it has been observed that DLF has created a strong resistance at 246.9. If the price moves beyond this mark, there is a likelihood of further increase in the price. dlf