Ambuja has short term breakout at 150-153: Mitesh Thacker
"Ambuja once it crosses 150-153 and if you observe the price movement for last 2 weeks, that is where the stock has been finding some kind of selling supply."
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| Updated: Mitesh Thacker, Technical Analyst, miteshthacker.com, talks to ET Now on Ambuja stock.
What is the call on Ambuja?
Ambuja once it crosses 150-153 and if you observe the price movement for last 2 weeks, that is where the stock has been finding some kind of selling supply. So, 8 or 10 times in the last 4-5 weeks you have seen Ambuja freak out, have intraday tops around the 153 odd level mark.
Once it crosses that you will see some kind of short term breakout on intraday charts. You might want to play it for about 4-5-6% kind of a gain.
What is the call on Ambuja?
Ambuja once it crosses 150-153 and if you observe the price movement for last 2 weeks, that is where the stock has been finding some kind of selling supply. So, 8 or 10 times in the last 4-5 weeks you have seen Ambuja freak out, have intraday tops around the 153 odd level mark.
Once it crosses that you will see some kind of short term breakout on intraday charts. You might want to play it for about 4-5-6% kind of a gain.
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