📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadening Pattern
📌 Symbol/Asset: AMBUJACEM
🔍 Description: Stock has formed Broadening Pattern and its around the resistance of the pattern.
We can see huge momentum if stock is able to cross 530-540 levels on the upside.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
NSE: AMBUJACEM is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on...
Short Ambuja Cement below 425, Target 405 SL 443. Reason for trade, Trendline is broken, Price trading below 20 EMA which is sloping downward RSI is also weak and nearest psychological level is 400.
Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
If...
Looking good for short opportunities once the trendline is broken can give a nice momentum as it's been a buying trendline.
Please do follow me for more such trades nd do check out my previous analysis.
NSE:AMBUJACEM Analysis!
Ascending Triangle Pattern in AMBUJACEM on Daily Timeframe!
AMBUJACEM Retesting it's support level!
Ambuja Cements has made Ascending Triangle Pattern on Daily Timeframe. It has given a decent breakout with average high volume. After it retested it's support level. It has made a s pinning bottom candle on it's support level. We...
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
AMBUJACEM:- Ascending triangle pattern forming, if breakout occurs, upside rally may be seen, keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other...
A triangle chart pattern involves price moving into a tighter and tighter range as time goes by and provides a visual display of a battle between bulls and bears.
Script = Ambuja Cement
Time Frame = 1 Day
Attached: Ambuja Cements Hourly Chart as of 21st April 2023
Price is heading Down on its Way to Meet the Harmonic Pattern Targets (SELF EXPLANATORY just see Chart for levels)
Some other Points to also note are as follows:
- Hourly MACD in Sell and below 0 line
- Hourly RSI below 30 and Oversold (as it should be in a Bear Trend)
- 20 Hour EMA below 50 Hour EMA...
Attached: Custom Cement Index/ Nifty 50 Daily Chart as of 21st April 2023
(Note: The above Chart is my Custom Cement Index made up of all the F&O Cement Stocks and this is the Ratio/ Relative Strength Chart version of it, against Index Nifty 50. This gives us an idea of the Relative Strength of the Cement Stocks and used to find out whether they are likely to...
Attached: Ambuja Cements/ Nifty 50 Daily Chart as of 19th April 2023
A Classic Triangle Setup is visible in the above Ratio Chart
The Breakdown of this Triangle would result in the Ratio Selling Off (AMBUJACEM accelerating its Underperformance vs. Index Nifty 50)
Hence this makes the Stock a Sell Candidate based on Weakness
Well if you also look at the Price...
