double top reversal can be seen soon downlevel can be seen
AMBUJA CEM has been respecting the neckline for a while making smaller arcs. Awaiting breakout/reversal on account of results.
AMBUJACEM price action has taken support at the trend line, and formed a hammer candle at bottom of support line. so one can go long in short term for target of 250+ by keeping stop loss below 236.
Hi! I trade NSE stocks using Demand and Supply zone strategy, mostly in Weekly time frame. Here's a trading plan for AMBUJACEM Weekly location: Equilibrium Daily trend: Up (Let's go long) Hourly zones: Demand zone marked on chart Entry: Type 2; i.e. Wait for 1 candle to close inside zone and buy at next green candle Trade duration (max): 2 week Note:...
ambuja breakdown from its support level. TG- 222 SL- 231
Ambujacem sell @cmp 228.85 sl 229.50 tgt 227.60/ 226.30
We can go long on ambuja cement at cmp 220 with sl at 216.40 for target 229.90 and above in the next 3 trading days.
Ambujacem will give a Long breakout Above 219.60 it can go to level Upside level- 221.80 Downside safe level- 217.60
Ambujacem will give a short Breakout Below 212.30 it can go to level Downside level- 210 Upside safe line- 214
AmbujaCem is giving a long breakout above 204.10, above 204.10 it can go to the level 205.90 if do not break 202.50 on downside.
AMBUJACEM LOOK LIKE AN UPSHOT. RESULTS COMING SOON , SL=243.50
AmubjaCement is ready to go higher from current levels.. After completing the correction the stock is ready to move higher. One can go long on the stock at current levels with stoploss just around 240 for the Target of 300. Its a nice risk reward trade.. Happy Trading!!
I don't know why its raining patterns everywhere... Just one short caution : Trade patterns only if you are well-versed with it and if you know its success ratio. We got bullish bat pattern completion in Ambujacem exactly in support zone ,similar one we got in ashok leyland also. GSTbill looks good for cement and auto's, so I'm expecting gapup, though in Nifty I...