LKP Spade : Ambuja Cement Ltd For Target Rs. 441/461- LKP Securities
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* The stock has experienced a significant consolidation breakout on the daily chart, indicating a potential upward movement.
* The price has been consistently staying above the 50-day moving average (50DMA), which suggests a positive trend.
* Additionally, the relative strength index (RSI) has displayed a bullish crossover on the daily chart, further indicating a favorable outlook.
* On the higher end, there is a possibility for the stock to reach a level around 461.
* However, it is important to note that there is support at 395, below which the stock may fall back into a consolidation.
Buy Ambuja Cement Ltd @415-420 ; Stop Loss Below Rs. 394 CB; Target Rs 441/461; Duration 1 Week
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