Ambuja...technical view...U turn is possible soon..JP Cracked

Ambuja is giving reversal signals ..other cement companies are correcting ...Nifty was falling ...
and he is giving buy advise for ambuja ...

see its developed trend on 15 minute chart ...

when stock price  moves up without support of momentum indicator.. indicate its reversal is due..see dotted line  indicating that when ever momentum indicator reached here profit booking started in past ...

Other clues
Tripple top
hanging man
spinning top
please refer http://dhanvarshagrp.blogspot.com/2011/11/short-ambujacem-at-159-to-165.html

moved up at  low volume ..only 1229 trades in entire session ...indicates that operated by a small group..
fall in oi after 28 Oct 11 from 98 10 000 to 94 92 000 is clearly indicating that OI is decreasing with up move  161 to 163...and if price is moving up without OI support/increase we can interpret that trend is not real..only skidding affect is there and possible U turn  we can expect ...

DATE	OPEN	HIGH	LOW	CLOSE	CONTS.	OPENINT	C'O'INT	COST Rs.	EQCLOSE
Fri-26/08/2011	132.95	132.95	130.85	130.9	5	10,000	10,000	261800.0	132.25
Mon-29/08/2011	130.85	132.15	130.75	132.15	34	78,000	68,000	264300.0	133.15
Tue-30/08/2011	132.15	133.25	131.4	133.25	14	106,000	28,000	266500.0	133.05
Fri-02/09/2011	135.25	135.9	134.6	135.7	25	152,000	46,000	271400.0	135.65
Mon-05/09/2011	134.9	134.9	131.05	131.05	30	210,000	58,000	262100.0	132.6
Tue-06/09/2011	130.6	139.0	118.85	134.3	115	390,000	180,000	268600.0	139.3
Wed-07/09/2011	140.7	145.0	140.7	145.0	2	392,000	2,000	290000.0	147.35
Thu-08/09/2011	144.6	144.6	144.6	144.6	1	392,000	0	289200.0	147.7
Fri-09/09/2011	143.65	143.65	140.75	140.75	7	404,000	12,000	281500.0	138.7
Mon-12/09/2011	134.95	141.8	134.95	141.35	16	432,000	28,000	282700.0	144.7
Tue-13/09/2011	144.0	144.05	143.35	143.9	16	460,000	28,000	287800.0	145.6
Wed-14/09/2011	141.55	143.85	141.1	143.85	5	466,000	6,000	287700.0	145.9
Thu-15/09/2011	145.75	147.25	143.95	147.25	30	518,000	52,000	294500.0	150.25
Fri-16/09/2011	149.05	149.05	142.6	142.6	3	514,000	-4,000	285200.0	143.7
Mon-19/09/2011	142.45	144.05	142.45	143.45	59	632,000	118,000	286900.0	144.35
Tue-20/09/2011	144.6	146.0	144.6	145.45	4	634,000	2,000	290900.0	146.65
Wed-21/09/2011	148.7	148.7	148.7	148.7	1	634,000	0	297400.0	149.85
Thu-22/09/2011	145.35	146.3	144.95	144.95	93	818,000	184,000	289900.0	143.45
Fri-23/09/2011	141.6	145.8	141.6	143.35	30	878,000	60,000	286700.0	144.8
Mon-26/09/2011	141.3	145.25	141.3	145.05	6	888,000	10,000	290100.0	147.2
Tue-27/09/2011	146.35	146.35	146.35	146.35	1	886,000	-2,000	292700.0	148.0
Wed-28/09/2011	145.25	145.25	145.25	145.25	1	886,000	0	290500.0	146.85
Thu-29/09/2011	145.95	147.05	144.65	146.5	232	826,000	-60,000	293000.0	147.1
Fri-30/09/2011	148.85	149.35	146.5	147.95	16	830,000	4,000	295900.0	148.9
Mon-03/10/2011	143.9	147.85	143.0	147.6	41	842,000	12,000	295200.0	149.1
Tue-04/10/2011	147.15	148.65	146.0	147.55	62	812,000	-30,000	295100.0	148.8
Wed-05/10/2011	147.8	150.5	147.0	148.6	35	810,000	-2,000	297200.0	149.05
Fri-07/10/2011	151.35	151.5	145.2	145.55	69	820,000	10,000	291100.0	145.15
Mon-10/10/2011	144.0	145.0	143.1	144.8	40	782,000	-38,000	289600.0	144.55
Tue-11/10/2011	145.0	145.0	143.75	144.75	83	724,000	-58,000	289500.0	144.85
Wed-12/10/2011	144.8	149.9	144.55	149.35	75	734,000	10,000	298700.0	149.35
Thu-13/10/2011	148.65	149.1	146.7	147.6	124	774,000	40,000	295200.0	147.7
Fri-14/10/2011	147.7	149.2	147.7	149.1	138	962,000	188,000	298200.0	149.15
Mon-17/10/2011	149.45	153.0	147.6	152.25	291	1,348,000	386,000	304500.0	152.85
Tue-18/10/2011	151.4	152.85	149.15	152.35	693	2,212,000	864,000	304700.0	152.25
Wed-19/10/2011	153.45	156.2	153.45	155.95	1,983	4,444,000	2,232,000	311900.0	155.45
Thu-20/10/2011	154.75	156.25	153.8	154.6	1,434	5,506,000	1,062,000	309200.0	153.9
Fri-21/10/2011	154.0	154.9	150.35	151.15	2,284	6,690,000	1,184,000	302300.0	150.3
Mon-24/10/2011	153.6	155.7	151.4	152.25	1,746	7,642,000	952,000	304500.0	151.1
Tue-25/10/2011	152.0	155.75	151.6	154.8	2,340	9,296,000	1,654,000	309600.0	153.7
Wed-26/10/2011	155.4	155.75	154.35	155.45	220	9,404,000	108,000	310900.0	154.3
Fri-28/10/2011	157.0	162.0	156.8	161.3	1,574	9,810,000	406,000	322600.0	160.45
Mon-31/10/2011	161.65	161.65	154.45	156.65	1,797	9,654,000	-156,000	313300.0	155.3
Tue-01/11/2011	157.5	158.4	151.75	155.8	2,744	9,514,000	-140,000	311600.0	154.85
Wed-02/11/2011	153.95	158.4	153.05	157.1	1,493	9,194,000	-320,000	314200.0	156.45
Thu-03/11/2011	155.7	159.0	155.3	158.4	1,462	9,156,000	-38,000	316800.0	157.05
Fri-04/11/2011	159.25	162.0	159.0	161.8	1,470	9,160,000	4,000	323600.0	161.2
Tue-08/11/2011	161.5	164.8	160.75	163.35	1,817	9,608,000	448,000	326700.0	162.9
Wed-09/11/2011	163.4	163.6	160.7	161.3	1,307	9,366,000	-242,000	322600.0	160.95
Fri-11/11/2011	160.0	163.95	159.3	163.75	1,229	9,492,000	126,000	327500.0	163.3