Ambuja Cements Shows Bullish Golden Cross Signal — Could the Stock Double from Here?

Ambuja Cements, a prominent company under the Adani Group, has recently flashed a significant bullish signal on technical charts that has caught the attention of market analysts and investors alike. The stock has formed a “Golden Cross” pattern on its daily chart — a technical event that often suggests the beginning of a strong upward trend. This occurs when the 50-day moving average (DMA) of a stock price surpasses its 200-day moving average. As of June 18, 2025, Ambuja Cements’ 50-DMA stood at ₹546.40, crossing above the 200-DMA of ₹544.90, thereby triggering this positive signal.

Historically, the Golden Cross has proven to be a reliable indicator of bullish momentum. In Ambuja Cements’ case, previous occurrences of this pattern have led to notable upward movement. According to the article, in the last three instances where the Golden Cross appeared, the stock has delivered an average return of 86%. This historical performance has led market watchers to speculate whether the current signal could potentially lead to similar or even higher gains this time around — possibly even doubling the stock’s value from current levels.

The Golden Cross is widely followed by technical traders and is considered a key signal that longer-term momentum is turning bullish. While the current formation is certainly a positive indicator, it is important to note that technical signals are not foolproof. External factors such as market sentiment, global economic conditions, and company-specific developments can influence the stock’s performance.