📈 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...
Ambuja cem completed 5 wave up and started abc corrective wave..
Wedge broken down and will move towards 350 and below in waves of abc
ambuja cem "sell on rise" mode now
views are educational
AMBUJACEM 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...
NSE:AMBUJACEM
#NSE:AMBUJACEM level shared @ 340 and now trading @ 365, 8% up move registered,
marked further levels for practice.
Happy LEarning !!
Check my signature column for all the charts shared today, and the practice was damn good with blasting results.
Trust me, you will not regret for checking these charts.
We also welcome your feed back on my direct...
Once 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.
The 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...
AMBUJA CEMENT makes beautiful (FLAG & POLL PATTERN) on weekly timeframe..
So, Stay focused on this and if it gives breakout then a good target is not far from us..
- 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...
AMBUJACEM 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.
