chandanjha29

Bearish pattern observed in AMBUJACEM

Short
NSE:AMBUJACEM   AMBUJA CEMENTS LTD
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!
Comment: As expected AMBUJACEM retraced till 399.90 (nearly 400) and then fell from there. Current low 381. AMBUJACEM PUT side good profit booked.