nirav5
Long

AMBUJACEM Positional trade setup

NSE:AMBUJACEM   AMBUJA CEMENTS LTD
74 0 6
AMBUJACEM             is moving in a channel.
It made a Doji near the channel support followed by Hammer .
Q4 results were also decent.
One can initiate positional long position with the stop loss of 234- 235.
1st target 251.
2nd target 268- 270.
Trade active
Trade active: 1st target completed. Looking strong for 2nd target with merger news with ACC.
Trade closed: target reached: 2nd target completed. Closing the trade. One can maintain trailing stoploss and continue. Please be careful in the range 270- 275.
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