Stock of the day : Ambuja Cements Ltd For Target Rs. 655 - Religare Broking
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Ambuja Cements Ltd
* AMBUJACEM has been in a steady uptrend from last more than 5 months and currently trading near record high levels.
* It has also formed a fresh buying pivot holding above its short term moving average.
* Following price action and positioning of the momentum indicator, price is set to surpass its previous swing high.
* We thus recommend creating fresh longs in the mentioned range.
Buy Ambuja Cements Ltd CMP 617.55 Range 615-620 SL 601; Target 655
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SEBI Registration number is INZ000174330
