AMBUJACEM
AMBJACEM -- Breakout soon... ?? Ambuja Cements -- Currently in consolidating phase from past 7-8 weeks with the flat trend.
Currently trading with No Supply - indicates possible up-move.
Also - the during recent market fall AMBJACEM - didn't fall and hovering around the support level.
Need to break 365.25 levels to see upside momentum.
Next targets - 390 / 410 / 433
Please spend time on your own research before investing.
Ambuja Cement Chart Analysis !!📈 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 Financial Advisor Before Taking Any Decision On This Analysis.
AMBUJACEM short trade with multiple confirmationsAMBUJACEM has formed an inverted hammer a rejection candle in the supply zone and at trendline resistance. The next candle has closed below the inverted hammer candle thereby triggering a confirmation for short side trade. A short side trade with risk defined hedged fno strategy can be a good idea. A close above 380 will invalidate the idea. Possible targets on the downside 334,324,314. Closing price on 19th April 2022 is 354.25
AMBUJACEM Blast, further level marked !!NSE:AMBUJACEM
#NSE:AMBUJACEM level shared @ 340 and now trading @ 365, 8% up move registered,
marked further levels for practice.
Happy LEarning !!
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AMBUAJ CEMENTS WAITOnce can enter for swing or short term around 290 levels in Ambuja cements because there has huge support and also 50% fibonacci levels is in around 290 levels only.Be patience and enter at the right time.Have a good trade and do your own analysis too.
Comment your thoughts below.
AMBUJACEM - Retest of Multi-year breakout - Morning Star patternThe analysis is done on daily TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Ambuja Cement Chart set up: At Lower end of channel
- The stock is near the lower end of the channel
- 50 day EMA is around 382
- 200 day EMA around 366
Target for the current set up
Short term target 382
Medium term target 418
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Broadening Wedge Pattern Reversal In AmbujacemAMBUJACEM since last few months consolidating in Descending broadening Wedge Pattern. After reversal from the support level expected upside target in AMBIJACEM is 415+ in upcoming days.
Thread: Next update in this stock after reversal/ breakout near resistance level or breakdown of a support level.