AMBUJA CEMENTS LTDShort
Bearish pattern observed in AMBUJACEM
Updated
As shown in chart in long period we can see a double top formed and further if we observe we have kind of head & shoulder pattern formed in chart and further breakdown has happened yesterday below that point.
One can SELL around CMP or around 400 with Target below 370
Happy Trading!
One can SELL around CMP or around 400 with Target below 370
Happy Trading!
Note
As expected AMBUJACEM retraced till 399.90 (nearly 400) and then fell from there. Current low 381. AMBUJACEM PUT side good profit booked.
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