Ambuja Cement - Cup and handle - Bullish

Ambuja Cement - Almost Bullish

1) Cup and Handle pattern is almost complete
2) The price has almost pierced the Supply zone
3) Super trend is buy
4) Price is trading over 50 DMA.
5) Cement stocks (commodity) cycle has turned positive.

Once 1) and 2) are completed the stock is headed for its Target of 701.

This analysis is for academic purpose only.