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[Premium] Trade Of The Week

November 15, 2022

This week we're looking at cement stock. After an underperformance, the strength is coming back to this industry group.

Ambuja Cement has been consolidating near the 261.8% Fibonacci level. The current momentum is in the bullish regime in both daily and weekly timeframes. This Adani group stock has been the top outperformer stock from the cement industry group and continues to hit an all-time high.
We're bullish above 542 as the risk management level for the target near 792.

Click on the chart to zoom in.

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And if you're a Premium Member, check out our other weekly post, "Three Charts For The Week Ahead."

Allstarcharts Team

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