ambuja cements share price target may 2013
ambuja cements share last closed at 186 with gains.on daily chart after making lows near 165 in april 2013,ambuja cements share recovered and now trading in short term uptrend and momentums also building on bulls side.
on daily chart,ambuja cements share weekly average is 186 then 184 is 3 month average while 183 is month average.on upside we seen highs near 195.on indicators ambuja cements share daily rsi is above 50 with bullish momentum.while ambuja cements share daily cci si at +24 and with bearish divergence.
for month of may,short term traders keep buy positions in ambuja cements share with closing basis stoploss below 180 and expect 200 and 212 as upside targets.in very bullish view,above 180 220-230 levels also possible.
for year 2013,ambuja cements share has buy and investment view above 185 on monthly closing basis only and on upside targets are 240 and then 275.