Multiple Timeframe Analysis of Ambuja cements
Updated
1. Stock is in a good up trend
2. Had a healthy retracement and formed bullish candle in monthly time frame
3. Trendline break out in daily time frame
4. Consolidation after trendline break out
5. Head and shoulders pattern inside the consolidation.
MY ENTRY
50% position at the support area
Rest of the position after a breakout of the neck of head and shoulder pattern
"This is not a call, this is just my view on the stock. Please trade sensibly"
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2. Had a healthy retracement and formed bullish candle in monthly time frame
3. Trendline break out in daily time frame
4. Consolidation after trendline break out
5. Head and shoulders pattern inside the consolidation.
MY ENTRY
50% position at the support area
Rest of the position after a breakout of the neck of head and shoulder pattern
"This is not a call, this is just my view on the stock. Please trade sensibly"
Follow me on trading view to get more ideas like this.
Trade active
Trade closed: target reached
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