AMBUJACEM

Technical Setup Signals Possible Breakout Ahead

On 20th and 23rd June 2025, the stock price of

took support from the 100-day moving average, which indicated that buyers were active near that level. During the same time, the candlesticks on the daily chart were formed outside the lower band of the Bollinger Band, which showed that the stock was trading in the oversold zone and a bounce could be expected. As a result, on 24th June 2025, the stock rose by 3.48% and also gave a closing above the 200-day moving average, which is a positive signal for the long term. On 26th June 2025, a bullish crossover between the 5-day and 20-day moving averages was seen, indicating strength and the possibility of further upward movement. From 23rd June to 2nd July 2025, the stock showed a sharp uptrend. However, from 3rd July 2025, the stock started moving sideways and entered into a consolidation phase. Right now, the price is trading in a range with important support at ₹580 and resistance at ₹600. Investors should now wait for a breakout on either side. If the stock gives a closing above ₹600, a further rise in price can be expected. On the other hand, if it closes below ₹580, then a fall in the stock price may occur.