AmbujaCement - Bearish Triangle
#AmbujaCement,
forming a bearish triangle at 15Min timeframe.
Where,
Wave A is 1.618 of Wave C and
Wave C is 1.618 of Wave E.
4 to 5% move is expected to downward from here with a Sl of 435,
which gives a risk reward ratio of 1:4.
forming a bearish triangle at 15Min timeframe.
Where,
Wave A is 1.618 of Wave C and
Wave C is 1.618 of Wave E.
4 to 5% move is expected to downward from here with a Sl of 435,
which gives a risk reward ratio of 1:4.
Trade closed: target reached
Target equal to the thrust of triangle is reached.
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