Technical analysis of Ambuja cement

here is the Daily chart of Ambuja Cement

This is a Ambuja Cement Daily Chart

As per Fibonacci  the stock is near to 61.8% level i.e 246.81. Once it crosses the 246.81 there is strong resistant at 261.93.

The stock is above 200 DMA

Hence it is in uptrend and moved up to 262.00 

Support 223.00 Buy Entry 247.85 and Target is 262.00