Ambuja cement has given a breakout from the range after 6 years with enough volume, is it good time to invest?
Personally, I do not invest in the NSE Stock market, I just like to trade.
Please consult your advisor before taking any position.
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Ambuja cement has been trading in a Rangebound market for a long period of time. Zoom in on higher time frame and we can look that every time when the price of the stock comes near resistance, there’s a good reversal happening. Historical data suggest that same might repeat again only if there’s a good volume. Also to check how much this trend can continue we used...
Ambuja cement performance since the market crash. let us discuss some important points regarding ambuja cement.
after the crash, it has formed a perfect parallel channel pattern in that 3 supports, 3 resistances are faced. There are 2 nearer reversals zones at 245 and 280.
245 level is acting as support, 280 level is acting as resistance.
As per Fibonacci...