Ambuja Cement: "Is cement mai Jan Hai" Targets of Rs.216

Ambuja Cement has broken out of Inverted Head & Shoulder pattern, and the stock is now at Rs.192 levels.

On the Breakout from these levels, the stock has a target of Rs.210 an approximate rise of 10% from the current levels. The Stop loss of the stock is at Rs.178 on daily closing basis.

The advise would be enter into the stock once it gives a correction from the current levels of Rs.192 to Rs.185 odd levels. This in turn will also maximize the return on your investments.

On the Weekly charts as well the stock has made similar pattern and the break out has been achieved at least 2 weeks before ( I apologise for posting this a bit late...but still it will give u opportunities to make money.) 

The time target for the targets to be achieved would be within 2 months from now i.e prior to October 10 the target should be achieved.

The additional comfort in the stock is. it is a "A" group stock. So relative safety element is definately there in the stock.

I Hope you will be able to make Handsome returns from the stock. Till then Happy investing and Remember Follow the stop loss strictly to avoid capital erosion.