INVERTED POLE FLAG IN AMBUJA CEMENT
Updated
SUMMARY
-stock has created inverted pole flag pattern which is bearish
-ultracemco results have been subdued
-all cement stocks are taking a beating
-ultracemco sets the bar
-now the stock is a high beta
-volatility is huge
-will play the stock thru options
-please wait for the stock to break and close below 500
-it will open up a move towards 470-75
AMBUJA CEMENT 500 PE
BUY16
STOP@9
TARGET@25-30-35
DISCLAIMER
-this is my perosnal view
-trade according to your risk appetite
-manage your risk
-stock has created inverted pole flag pattern which is bearish
-ultracemco results have been subdued
-all cement stocks are taking a beating
-ultracemco sets the bar
-now the stock is a high beta
-volatility is huge
-will play the stock thru options
-please wait for the stock to break and close below 500
-it will open up a move towards 470-75
AMBUJA CEMENT 500 PE
BUY16
STOP@9
TARGET@25-30-35
DISCLAIMER
-this is my perosnal view
-trade according to your risk appetite
-manage your risk
Note
NOTE THE OPTIONS WILL GO UNDER BAN TOMORROW TRADE ACCORDING TO RISK APPETITE
Trade closed: target reached
FIRST TARGET HIT 🙏🙏🙏
Trade closed: target reached
SECOND TARGET HIT🙏🙏🙏
Trade closed: target reached
THIRD TARGET HITNote
500 PE 103 NOW 😳😳😳
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*future calls
*option trading (buying)
*index trading (options and futures)
*index update and oi analysis
t.me/tradersmojo
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