Top 10 Stocks To Watch Today For Intraday

Top 10 Stocks To Watch Today for Intraday

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Ambuja Cements Ltd Elliott Wave Analysis:

ambujacem

Based on Elliott Wave analysis of Ambuja Cements Ltd, it seems that a 5-impulse wave has been completed, with the price moving from 274 to 598. Following that, a corrective ABC move began, with wave A reaching its completion from 598 to 315. At present, wave B is in progress and is approaching a resistance zone between 470 and 500.

Traders and investors should closely monitor the price action around the 470-500 zone for any signs of selling pressure. If there is a strong reaction from the market at this level, it could signal the completion of wave B and potentially mark the start of wave C, which would likely be a downward move.

Granules India

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