Ambuja cement Morning Setup - T1 achieved
Ambuja Cement is moving to different targets
The targes are actually the intermediate support/resistance.
Our T1 already achived.
T1 - 212
T2 - 208
T3-205
Understanding :
When we observed Ambuja Cement yesterday, we found that it was on a resistance point.
How to know that it is a resistance point ? We see if it is trying more times to go above a point and if previously it did similar. If yes, we draw trend line.
Ok so we understood the resistance point. And thought if we could place a waiting order. Also we targeted our three targets which we expect it to achieve.
Why we set our targets, those will become trailing stoploss .
How we were able to set the target, we tried to understand the next resistances/support that it had got previous. Simply we have set our targets there.
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If you like the author posts, for support, like it.
The targes are actually the intermediate support/resistance.
Our T1 already achived.
T1 - 212
T2 - 208
T3-205
Understanding :
When we observed Ambuja Cement yesterday, we found that it was on a resistance point.
How to know that it is a resistance point ? We see if it is trying more times to go above a point and if previously it did similar. If yes, we draw trend line.
Ok so we understood the resistance point. And thought if we could place a waiting order. Also we targeted our three targets which we expect it to achieve.
Why we set our targets, those will become trailing stoploss .
How we were able to set the target, we tried to understand the next resistances/support that it had got previous. Simply we have set our targets there.
-----------------------------------------
If you like the author posts, for support, like it.
Trade closed: target reached
Our T1 reached and stock came below T1. So we closed our trade.Not it is a breakout upside
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