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
Company's Strength :-
Effectively using its capital to generate profit - RoCE improving in last 2 years
Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
Efficient in managing Assets to generate Profits - ROA improving since last 2 year
Company with Low Debt
Strong cash generating ability from core business - Improving Cash...
Ambuja cement is consolidating for weeks and has formed a bullish pennant pattern.
Buy signal only after breakout with good volumes.
This is my view and for educational purpose only.
📈 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...
Ambuja Cement is Trading on a Strong Support this week. As it was moving in a channel from a very long time, that broke and took Support and trying to Reverse now.
There is a Harmonic ABCD pattern has formed. And it can be a good reversal from here.
According to pattern and Fibo ratios, there are some possible targets are creating.
Target 1 - 330.00
Target 2 -...
hi team ,
plz see ambuja cement chart - after weak quaterly result it shows 100 % lowe high pattaern , you have oppertunity to short .
buy - current level 338
sl -350
target - t1 - 321
T2 - 297
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...
Set your stop loss of approx 50 rupees in NSE:AMBUJACEM as it is on its weekly breakout it may give you a very big profit in an uptrend.
Set Your target by trailing stop loss. Move forward as the stock will go further.
