Ambuja Cements (AMBUJACEM) presents a tactical buy-side technical rationale at oversold RSI(14) near 28-30 with Stochastic %K crossing up from extreme 13 levels and CCI(20) at -83 flashing reversal signals despite bearish MACD, indicating exhaustion selling amid cement sector consolidation post recent correction. Price holding critical 200-SMA support (~₹550) with volume divergence confirming accumulation near pivot ₹579, while higher low pattern emerges ahead of potential infra demand revival. Sustained break above ₹599 R1 targets ₹613-635 resistance (5-8% upside potential) aligning with bullish pivot structure on weekly timeframe.
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