Long Ambuja above 450 for the target level of 482-500. All important levels have been marked on the charts. The logic behind the trade:
1) Stock price rising from the lower channel. Bullish candles have been seen from the support of the channel. 2)Entry after the BO of 50 EMA level. 3) Support taking from 200 EMA level.
Also, volume & RSI divergence will lead to a High probability that the stock will bounce back.
Hi sir i have a 2 lot of ambuja cement 490 ce @ 11.55 now its in huge loss should i hold or exit
stockindia911
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@vizagsee, Please note option is very risky. always trade with strict rules. Respect your stop loss to become professional n profitable trader. Currently market is in a bit correction stage.
Kapil-Mittal
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Your review demonstrates a comprehensive understanding of technical analysis and trading strategies, and your logical approach to assessing the trade's potential is commendable. Thank you for sharing your insights!