Ambuja Cements Forms Bottom Triangle on March 16, 2011

Ambuja Cements Ltd has formed Bottom Triangle in the daily chart. For more than a month Ambuja Cement was trading in range bound between 111.00 in the lower side and 130.00 in the higher side. During this period twice the stock had touched 130.00 level which also forms high end of the Bottom Triangle. Today the stock had very bullish move and closed above 130 mark....