Ambuja Cement looks a good bet for investment, we saw a great rally in Cement Stocks but this couldn't perform because of Adani Saga.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
MAJBUTHI GUARENTEEEED AMBUJA CEMENT given breakout of triangle pattern buy only if it crosses high of the breakout candle on tuesday with 1:2 minimum take profit
As you can see, the Red candle that formed today didn't have many sellers to drive the stock down. & it maintained right on the top side of the trendline, hinting for a higher breakout chance.
Wait for Adani to break out, and this will stock will too!
I'm no expert with respect to understanding financials in details so cannot comment on Debt of Ambuja cement and allegations made by certain group.
Fundamentally , If we are to look at business potential, India is still a developing country and demand for Cement is going to be there and it will rise...
Risk factor : Adani has huge expansion plans for which...
Feels like Ambuja cement has completed 2 waves of major trend
If this is the 3rd impulse wave structure, we can see a sub wave (impulse) in it.
Have a look at the RSI and volume in hourly chart.
Buy zone :495-500
SL zone:465 levels
Final target for this wave is 645.But depends on how we manage the trade.
Managing the trade:
If the trade goes in our way
*Exit...
There is a specific indicator that is giving a high probability of UP^ move today after yesterday's closing. Expect 9-10% move today.
Disclaimer: Consult your financial adviser before investing.
Note: I am not a financial adviser.
Conclusion: You are responsible for your own trades!
🥂 Cheers! 🥂
Ambuja cements given a breakout on disjoint channel pattern and seems it is gaining volumes for coming bullishness in this stock, one more thing is there that Relative strength indicator is giving bullish signals and gives a breakout on it too.
CAUSE OF LONG-:
1- Disjoint channel breakout.
2- Relative strength indicator breakout.
3- Volume breakout.
4-...
Ambuja Cements -- Currently in consolidating phase from past 7-8 weeks with the flat trend.
Currently trading with No Supply - indicates possible up-move.
Also - the during recent market fall AMBJACEM - didn't fall and hovering around the support level.
Need to break 365.25 levels to see upside momentum.
Next targets - 390 / 410 / 433
Please spend time on...
📈 Ambuja Cement Ltd. 📉
My Findings :-
1. Breakout from a Swing High.
2. Close Above March 2022 High.
Bias - Long
Target - 350, 383, 408, 431 and 442
SL - 292
RR- 1:4
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your...
