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fcsa
May 22, 2018 6:36 PM

Ambuja - Price at crucial level Long

NSE:AMBUJACEM1D
AMBUJA CEMENTS LTDNSE

Description

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Ambuja has hit the 127.2% extension of the drop from 12th September 2017 - 23rd March 2018

This extension level is quite often a reversal point.

Correction is possible from here onwards - MFI is below 25
SL could be below 194

Comment

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Long @207.5 (futures price)

Trade active

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Going well... this is probably still a good entry point with a tight SL of just below 205 in futures and 204 in spot

Trade active

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Inside candle dynamics at play. Theoretically a break above 213 could signal some profitable long position.

But I am already long with a very tight SL.

Very low risk in my current position and I am quite patient!!

Trade active

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About 5 points from today's low

Comment

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About 8.5 points up since posting this analysis... approx 21000 profit per lot till now
Fibonacci
Comments
divesh6jagudev66
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212.5 me 1 lot buy june month
fcsa
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@divesh66, Please be careful with your SL
divesh6jagudev66
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CALL WATCH KARNE ME 214 AA GAYA, NOW NEW ENTRY KARNE K LIA SL ?
fcsa
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@divesh66, Main sirf futures me trade karta hun... lekin SL cash mein 204 se thoda neeche or futures mein bhi 204 closing basis pe. In fact mujhe lagta hai ki yeh badte jaiga... shayad Monday main roll over karunga
divesh6jagudev66
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PARFECT BOSS............
fcsa
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@divesh66, Thanks :-)
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