Ambuja Cement: RSI Divergence observed
Ambuja cement
The stock has seen a fantastic rally in the last month
However, currently we observe RSI divergence. Stock may come down to 426/415 odd levels.
Given the set up, one may consider to sell Ambuja Cement 480 Call Option
The strategy gives protection for a rise up to 487.60 till expiry.
For risk management purpose, exit if Ambuja Cement closes above 466 on daily chart.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
The stock has seen a fantastic rally in the last month
However, currently we observe RSI divergence. Stock may come down to 426/415 odd levels.
Given the set up, one may consider to sell Ambuja Cement 480 Call Option
The strategy gives protection for a rise up to 487.60 till expiry.
For risk management purpose, exit if Ambuja Cement closes above 466 on daily chart.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.