Ambuja Cement is Trading on a Strong Support this week. As it was moving in a channel from a very long time, that broke and took Support and trying to Reverse now.
There is a Harmonic ABCD pattern has formed. And it can be a good reversal from here.
According to pattern and Fibo ratios, there are some possible targets are creating.
Target 1 - 330.00
Target 2 - 360.00
Target 3 - 387.00
Buying only be initiated if price closed above 296.00.
There is a Harmonic ABCD pattern has formed. And it can be a good reversal from here.
According to pattern and Fibo ratios, there are some possible targets are creating.
Target 1 - 330.00
Target 2 - 360.00
Target 3 - 387.00
Buying only be initiated if price closed above 296.00.
Comment:
it's 2nd day and still struggling to come-over the buying level.
Comment:
Ambuja Cement has left the station and has started its journey now.
see the chart for possible Halts.
see the chart for possible Halts.
Comment:
Target 1 @330.0 has achieved.
It's chances that price can take a pullback from here. If not and Keep sustaining, Then the Price will touch the Upper Trend-Line and Target 3 too.
It's chances that price can take a pullback from here. If not and Keep sustaining, Then the Price will touch the Upper Trend-Line and Target 3 too.
Comment:
Target 2 has achieved also and price heading towards T3
Gained 73/- in month and still counting....
Gained 73/- in month and still counting....
