Ambuja Cements has target of Rs 200, says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "Ambuja Cements has a wonderful chart. I don’t know what is going on in cement, to some extent in ACC and far more in Ambuja. It is making a bullish a pattern at these elevated levels and breaking out from it. It is promising a target of Rs 200 plus. I don’t know whether that is justified or not but as momentum traders we must go long in it. Today if there is an intraday dip even after the first 15 minutes; take Ambuja as on long position."
He further added, " Dabur India has a good chart. We could not believe that HUL could go up more but it started going up and it never stops, just goes through corrections and goes up. Same story is happening with Dabur and the same story as I had earlier suggested was with Marico. These stocks are apparently being liked by momentum traders, by people who put smart money. Dabur is now at the verge of making new highs. We don’t challenge that. It is also in the right sector at the right time. Today I think there is buying there."
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