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