Right Time To Take Entry In Ambuja Cement And ACC
Most awaited GST is about to become reality. Now we can expect very good growth of market. In first week of April RBI policy is big event; everybody is eying on it. Whatever policy will announce, it might not give major changes in market sentiment.
Best way to enter in market is to identify good scrip. First find one sector which is going good in current condition, after that find one or two scrip which has not ran in comparison of other scrip of that sector. Today I am going to talk about few stocks which belong to cement sector. In upcoming weeks cement sector is in full form.
In cement sector ACC and Ambuja cement is in low side since few days. In last week they have started to take U turn from their consolidation. In past month we already seen news about merger between both companies. ACC is four digit stock and Ambuja cement is three digit comparatively low in price, so small investor or trader can take position easily in Ambuja cement .
Both had given ATR 142 crossover on positive side. Both have MACD>0 and MACD above Signanlline. ADX of Ambuja cement is also giving good sign. ATR142 ,MACD ,ADX these are most common indicators which are easy to check and successful too.
In Month of February both stocks were on good price level but after that they had given little correction. But now it has started positive trend. Ambuja has taken position on pivot level when ACC had tried to breach pivot level and became successful to giving closing above pivot level, but full candle is not above the level.
On last trading session volume is also good in both scrips. Both scrips are fundamentally strong .
If we check for long term cement sector has potential to go upside as ours is growing country our infrastructure is growing rapidly and cement is basic need of growth.
- Anand Singh Gaur
- Sunil Kothari