Ambuja cements ready to rock Ambuja Cements closed green at a long term resistance level on a good volume.
Higher chances of breaking the resistance.
Good long opportunity .
Ambuja
ultracemco , weekly trade set upwill like to stay long in the counter considering the risk reward ratio !
where it ll go!!!let,s see where it ll go..
above 300 it ll make flag pattern...
And below 250 it ll make M pattern ...
or more query comment below..
i ll happy to see your view, comment and feedback
And follow for such more analysis ....
Ambuja Cements : Sweet Spot Entry ?!We can clearly ascertain from the chart, Ambuja cement is resting on 61.8 line, trying to breakthrough, seems it's weak effort. Am expecting fresh bullish momentum to upside reaching around 250's zone with stops around 238's.
If you go more keen on 15mins you can see channel's in Ambuja, As I usually say try as per your plan, just giving out one of the ways here for Entry. You can try any method over it, if you are not well versed with channels, Go for pullback's. Have you noticed with single chart we get 3 types on entry ? there may be even more, but it depends on what method you are using.
The Sin commited by most traders here is combining all these 3 or trying more n more combo methods in name of finding high probability setup but they never realize the fact that, they are just spoiling their trade plan. Keep it simple , just stick to 1 or 2, Never confuse yourself & avoid trying to look for more & more confirmation's.
Ambuja Cement : Return of Shark !After a long time the shark is returning in our trade setups but this is not solely based on shark on 15 mins, we get other supportive points also , Elliott counts & trendline break in Ambuja cement points downside, choose whatever you wish to. But always choose one & trade based on it, if you combine all this n choose , you will take trade in one setup & place stops based on other which is completely wrong. Stops should be placed according to the trade setup you chose.
Happy Trades !
Ambuja Cements : Bullish Bat pattern completionI don't know why its raining patterns everywhere... Just one short caution : Trade patterns only if you are well-versed with it and if you know its success ratio.
We got bullish bat pattern completion in Ambujacem exactly in support zone ,similar one we got in ashok leyland also. GSTbill looks good for cement and auto's, so I'm expecting gapup, though in Nifty I expect Gap down bcos of profit booking (sell on News) & .
Happy Trading !
