AMBUJA CEMENT parallel channel

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AMBUJACEM has been trading within a parallel channel since a year.

260 and 274 could be very important levels and could determine the direction of trend in coming days.
Note
So far Ambuja Cements has given a nice bounce at the channel bottom
Note
260 level is holding (on closing basis) so far.
Note
Ambuja Cement facing resistance at the channel bottom
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