AMBUJACEM
#RAMCOIND 13% $return #RAMCOCEM #ULTRACEMCO #ACC #SHREECEM #STAR#RAMCOIND
NSE:RAMCOIND
CMP: 282.50
Target: 320
Stop Loss: 254
Time Frame: Approximately 2 months.
Factors:
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Higher Highs & Higher Lows.
Breakout above RESISTANCE levels
Trading at SUPPORT levels
Fundamental are strong.
Earnings report & quality strong
EPS Positive
Risk Return Ratio is healthy.
And
Rising from the Bottom to V Shaped Pattern to Flag Pattern forming
The stock might cross its all time high.
Compare with peers
NSE: ULTRACEMCO
NSE: RAMCOCEM
NSE: ACC
NSE: SHREECEM
NSE: INDIACEM
NSE: JKCEMENT
NSE: JKLAKSHMI
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
Ambuja Cement on a big runA weekly breakout with 270 as a stop loss and trend can touch to 450-500 levels.
*****
Please support the effort & if you feel it deserving, do appreciate it with a Like and following me would only add on to the motivation.
I believe in keeping the chart simple for easy interpretation.
Kindly express any disagreement & improvements so that we learn & earn together.
Always keep a stop loss to rescue you out of troubles and trail the stop loss as the price rises.
Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.
#ambuja cement - Ek din mausi ne kaha ambuja cement se ghar.....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.
And do give a like and comment. Because mausi ne kaha hai..........
Regards
AMBUJACEM ON 15 MINS CHARTAmbuja 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 Fibonacci extension and we plotted that the 61.8% level and resistance level are around same price level. That means the reversal chances are still high.
If stock open flat or with gap down wait for reversals pattern formation for short trades.
AMBUJACEM buy signal at 246/240 , Broke its resistanceI will look at buying AMBUJACEM because :
Ambujacem has broken its major resistance.
It has high chances of reaching 290 levels .
It has broken the resistance and that resistance may act as support .
Entry : 246/240
Target : 270/290
Stop loss : 230
AMBUJA CEMENT long term view 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 retracement once it got tested 0.38 level, Now it is testing 0.24 level. And also there is an important resistance (280) zone nearer. After that, there will be a huge breakout let wait for it and be ready to grab it.
Please LIKE you are convinced with my explanation, if not let me know in the comment section. I am eagerly waiting for your reply good or bad just reply. Thanks for reading.
Disclaimer:- It's just for educational purposes.