Ambuja Cements Limited
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Bearish pattern observed in AMBUJACEM

114
As shown in chart in long period we can see a double top formed and further if we observe we have kind of head & shoulder pattern formed in chart and further breakdown has happened yesterday below that point.
One can SELL around CMP or around 400 with Target below 370

Happy Trading!
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As expected AMBUJACEM retraced till 399.90 (nearly 400) and then fell from there. Current low 381. AMBUJACEM PUT side good profit booked.

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