AMBUJACEM - STRONG BREAKOUT AND STELLAR PERFORMANCE IN Q3FY21
AMBUJA CEMENT LOOKS ATTRACTIVE AT THESE LEVELS AND WITH A STRONG CHART AND AN AMAZING QUARTERLY PERFORMANCE WE CAN SEE AMBUJA COMING OUT OF A CONSOLIDATION AND IS FORMING HIGHER HIGH AND HIGHER LOWS FROM QUITE SOME TIME RESULTING IN A MULTIYEAR BREAKOUT AND ALSO WITH THE SUPPORT OF GOOD PERFORMANCE IT IS LIKELY TO CROSS MAJOR SUPPLY ZONE AND FORM NEW LIFE HIGHS.
THIS STOCK CAN BE BOUGHT IN THE RANGE OF 280-284
TGT1 - 290
TGT2 - 312
TGT3 - 320
SL - 275
OR
KEEP 50EMA{ON 2HR CHART} AS THE STOPLOSS
THE ABOVE TARGETS ARE LIKELY TO BE ACHIEVED IN 7DAYS.
COMING TO THE LONG TERM VIEW ON THE STOCK RE-RATING OF THE STOCK LOOKS EMINENT AND IT CAN BE HOLDED AS A PORTFOLIO STOCK FOR A PERIOD OF AN YEAR ON THE BASIS OF THE MANAGEMENT'S POSITIVE COMMENTARY AND GOOD DIVIDEND YIELD. IT WILL ALSO BE A BENIFICIARY DUE TO INFRASTRUCTURE SPENDING INCREASE WITH GROWING MARKET SHARE AND AT THESE VALUATIONS THIS STOCK CAN OUTPERFORM IN THE ONGOING CALENDAR YEAR.
TGT - 400
THIS STOCK CAN BE BOUGHT IN THE RANGE OF 280-284
TGT1 - 290
TGT2 - 312
TGT3 - 320
SL - 275
OR
KEEP 50EMA{ON 2HR CHART} AS THE STOPLOSS
THE ABOVE TARGETS ARE LIKELY TO BE ACHIEVED IN 7DAYS.
COMING TO THE LONG TERM VIEW ON THE STOCK RE-RATING OF THE STOCK LOOKS EMINENT AND IT CAN BE HOLDED AS A PORTFOLIO STOCK FOR A PERIOD OF AN YEAR ON THE BASIS OF THE MANAGEMENT'S POSITIVE COMMENTARY AND GOOD DIVIDEND YIELD. IT WILL ALSO BE A BENIFICIARY DUE TO INFRASTRUCTURE SPENDING INCREASE WITH GROWING MARKET SHARE AND AT THESE VALUATIONS THIS STOCK CAN OUTPERFORM IN THE ONGOING CALENDAR YEAR.
TGT - 400
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