Ambuja Cements - 24th Dec

Today's Opening - 100

Today's High - 100.6

Today's Low - 98.1

Today's Closing - 99.5

Previous Day's Opening - 96

Previous Day's High - 99.9

Previous Day's Low - 95.8

Previous Day's Closing - 99.2

Flattish closing with lower volumes. The stock is taking support at the 5-day Exponential Moving Average of 98.

The 14-day Positive Directional Index has been stronger than the Negative Directional Index since 25th Nov.

Since 25th Nov, the closing candle has been above the Ichimoku Kinko Hyo cloud.

The 20-day Commodity Channel Index has been below 100 since 15th Dec.

The 3, 10-day Moving Average Convergence Divergence has been positive for the past two days.

The 2-day RSI Index is above 98%.

The stock might consolidate at current levels before trying to breach the resistance of 106.

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