Wait For a clear break out and then trade. For educational purpose only.
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.
Breaking out from the lower end of the rising channel.
ACC has shown a good fall in last couple of days , i see a good recovery in all cement stocks in coming weak !
Trade Nivesh Sell Below 223.25 with the stop loss of 225
Hi All , No naked put/call buy sell , manage risk . Classic text book divergence shown on chart. expecting move above to 240 , stop loss of 205 Buy 220 April call , 1 lot Sell 240 April call , 1 lot or Buy April call 230 , 2 lot Buy April 220 put , 1 lot Don't want the march series if it goes sideways, we will get Theta thrashing.
AMBUJA CEMENT can turn bearish if breaks trend line(blue) Follow NEVADA_TRADING to get notification at e mail - for all new Trading idea's AMBUJACEM is available at FUTURES AND OPTIONS .
AMBUJACEM take Overbought zone to keep watch if break directly or pullback 38.3 retrace then break Upward Dont enter trade now keep wait for pullback Enter Above 235. 50 to 237.50 Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The...
Ambuja Cements closed green at a long term resistance level on a good volume. Higher chances of breaking the resistance. Good long opportunity .
will like to stay long in the counter considering the risk reward ratio !
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 ....