AMBUJACEM
Bearish pattern observed in AMBUJACEMAs shown in chart in long period we can see a double top formed and further if we observe we have kind of head & shoulder pattern formed in chart and further breakdown has happened yesterday below that point.
One can SELL around CMP or around 400 with Target below 370
Happy Trading!
AMBUJA CEMENTS LTD Long with Demand & SupplyAMBUJA CEMENTS LTD Long with Demand & Supply
Weekly breakout need retest put your sl 10-20% datr
We all know that supply and demand are amongst the most important characteristics of the markets, but sometimes we just "don't see it".
The supply and demand zone indicator is quite easy to use. Since supply and demand zones are basically support and resistance zones
Supply and Demand Analysis Trading methodology
It is just a view based on demand/supply, pls trade at your own risk
Thanks
Simple Trade Setup | AMBUJACEMENT | 23-09-2021NSE: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 gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Simple Trade Setup| AMBUJA CEMENT | 30-08-2021NSE: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 stay above it.
And now it is critical moment for this, if it breaks this range then it will be good upmove but if it fails then again there will be down move.
Please refer below chart: 1hr time frame.
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Trade Setup for Date 30-08-2021:
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 tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.