Technical updates on Ambuja Cement

Ambuja Cement was consolidating in a narrow range from past few weeks. Now it has breached an important trend line resistance around Rs.203. According to me the uptrend has just started. More details for subscribers.

Nifty medium term trend

Trend	UP
Initiation Date	29-11-12
Initiated at	5825
High since change	6111
Reversal if closes below	5800

Thought for the day

If the only tool you have is a hammer then you tend to see everything as a nail - Abraham Maslow