NSE:AMBUJACEM
Trade Setup for Date 23-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid...
NSE:AMBUJACEM
Observations:
1) On Daily time frame it reversal and break 21DMA and closed above it. But it is below it's nearest resistance range of 410-415.
Please refer below chart : daily time frame.
2) On 1hr time frame, you can see this resistance range 410-415 giving resistance multiple time and only one time it has broke it but couldn't able to...
SELF EXPLANATORY!!
This is not a trade recommendation its for learning with the community. please use discretion. Your Money, Your Risk and your responsibility.
comments are welcome...
Note: This is for educational purpose only.
There is an ascending triangle formation in Ambuja Cement which indicates that buying pressure is more. Moreover, there is a Bullish Engulfing candle stick pattern formed in the last 2 candles.
