Ambuja Cements Eyeing Breakout From Multi-Month Triangle

✅ Ambuja Cements is trading within a large symmetrical triangle on the daily chart and is now testing the upper trendline near 590–600, a key breakout zone that has acted as resistance multiple times.

✅ The stock is holding well above its previous horizontal resistance around 570, which now acts as a strong support base, indicating buyers are defending levels aggressively.

✅ RSI is near 66, showing good bullish momentum and plenty of room for further upside if a breakout occurs with strong volume.

✅ Volume remains steady; a clear surge above average during the breakout can trigger a sharp move towards the next resistance zone near 630–650.

📈 Watch for a sustained daily close above 600. If confirmed, Ambuja may see a fresh uptrend supported by strong fundamentals in the cement sector.