INVERTED POLE FLAG IN AMBUJA CEMENT

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
BUY@16
STOP@9
TARGET@25-30-35

DISCLAIMER
-this is my perosnal view
-trade according to your risk appetite
-manage your risk

Comment:

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 HIT

Comment:

500 PE @103 NOW
😳😳😳