AbhishekHSinghCMT

Ambuja Cement- Three Mountains --Can it turn into Kilroy Pattern

NSE:AMBUJACEM   AMBUJA CEMENTS LTD
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4
Well from my last update- I was looking out for rising trendline to be broken for a trading opportunity-Vow, It broke There was good short term opportunity.

Going Forward- Ambuja Cement has Three Mountains Pattern in the range 277-278 - if flipped, it can turn into Kilroy Pattern(Inverted Head & Shoulder Pattern) as stated in most famous book of technical analysis by Edwards & Magee.

Either we get a break of 277-278 Neckline for Inverted H&S to get activated or breaking below 256- Three Monutains get activated- Let us wait for the time to tell us the Ambuja story.

Regards,
Abhishek H.Singh, CMT


Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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Comments

Cheers Bro..all your charts worth reading.
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Thanks- By the you haven't replied in your messenger
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piptamil AbhishekHSinghCMT
Sorry which messenger Abhishek...i cant get you.
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So, you got it.
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piptamil AbhishekHSinghCMT
Yes saw :)
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On trade SL should be 256 ??
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Right Shoulder swing low was 262- that becomes the stop but only trade gets activated if we get daily close above 278. Regards
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