Trade-Alpha

Short - Ambuja Cements - Daily!

Short
NSE:AMBUJACEM   AMBUJA CEMENTS LTD
(Daily - 11/29)
A) Bearish H&S pattern formation uncovering
B) Head and left shoulder has bearish divergence on Stochastic
C) MACD indicator already bearish
D) Volume decreasing from peak to peak
E) Failed testing of previous High H1 in Sep
F) possible short below 555 with the breaking of Monthly Pivot R1
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.