hima23
Long

Channel Breakout trade

NSE:AMBUJACEM   AMBUJA CEMENTS LTD
Channel Breakout Trade

The script had been moving between the channel.
Will wait for channel breakout and wait for the next candle formation.
If it breaches the resistance will buy it keeping the SL at new support which is previous resistance.

Alternatively if a red candle is formed we can short keeping 1 point above the existing resistance as stop loss. Need to observe this.
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