Chart Check: Ambuja, India Cements range-bound; UltraTech can gain up to 8%

Ambuja Cements, The Ramco Cements look weak on charts, while UltraTech Cement seems the best bet in the sector.

Ambuja Cements (AMBUJACEM)
Outlook: Falling trendline pattern

The falling channel pattern shows a negative trend for the stock. On the higher side, the falling trendline shows Rs 400 as the immediate resistance. On the downside, Rs 330 seems to be the lower falling support.  The immediate trend exhibits sideways movement, as per the daily chart.  CLICK HERE FOR THE CHART
 
The Ramco Cements Ltd (RAMCOCEM)
Likely target: Rs 800
Downside potential: 8%

The shares of Ramco Cements have violated the crucial support of Rs 920 and are