There is a multi year strong bullish breakout spotted in Ambuja Cement on its Monthly Charts. March 2021 candle was a Bullish Marubozu candle. The breakout is also confirmed by a green candle on its weekly chart. Bulls have established their control over this stock. 50 day EMA and 100 day EMA have already shown a buy signal on its weekly charts.
Commentaire:
There is also a significant rise in volumes which conforms the further uptrend.