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
Comments
piptamil
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Cheers Bro..all your charts worth reading.
WaveTalks
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Thanks- By the you haven't replied in your messenger
piptamil
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Sorry which messenger Abhishek...i cant get you.
WaveTalks
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So, you got it.
piptamil
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Yes saw :)
Saltan
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On trade SL should be 256 ??
WaveTalks
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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