About Me

My photo
Ashish Ghosh is a NCFM certified research analyst for the global and Indian financial markets. With more than 15 years of experience in the capital market, Ashish has been published in high-profile online media regularly. He holds a B.Sc. in Math along with NCFM certification for Technical and Fundamental analysis. Presently, he is working with iForex as a financial analyst/content writer since 2017, analyzing mainly the global and Indian markets. You can reach him through Gmail/telegram ID: asisjpg

Thursday, 19 February 2015

Technical Outlook Of Ambuja Cement








Ambuja Cement was out with its QTR result yesterday evening. The result appears to be well below street estimate, specially EBITDA. Going by the momentum for the stock for the last few sessions, "Strong Recovery Cycle" in this Cement sector may be largely discounted by the stock.

 Looking at the Chart, Ambuja Cement (CMP:270) has to sustain above 272 zone for short term target of around 280.

 Failure to sustain above 272 may bring in sellers and break below 264 may bring it to 256-252 zone in the next few sessions. It may find strong support near 244-241 zone.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)