Tuesday, April 17, 2012

AMBUJACEM : Hold support of trend line as well as formed a Bullish Engulfing Pattern

AMBUJACEM : Hold support of trend line as well as formed a Bullish Engulfing Pattern

Below chart of ambujacem is formed a bullish engufling pattern with support of good volumes, the price movement is likely to reverse above 162.5.
one can buy above 162.5 where the next area of resistance is seen around 168 / 172 on lower side support expected around 156.

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