📈 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.
