AMBUJACEM
#Ambujacem Target 235, SL 205 (Cash Positioanl)#Ambujacem Target 235, SL 205 (Cash Positional)
Twitter @andibhatt
1. All levels are given in cash.
2. Calls are positional.
3. Positional means 2 to 4 weeks' time.
4. Always follow Stop Loss.
Tweets are for educational purposes, Not recommending anything to anyone. Just watch levels. Levels are in CASH. Buy or sell calls will be only triggered above the mentioned levels. Just Follow levels.
AMBUJA CEMENTS : Risk/Reward 1: 5AMBUJACEM Entry at 210.65
Stop-loss 215
Target 189
Risk/Reward 1: 5
Risk 1.90% Reward 10%
I'm a risk-reward maniac, and I am willing to sacrifice my accuracy over high reward. I am following Higher Time frame trends and buying pullback and selling rallies on the daily chart. So my small stop-losses are going to hit more often than my targets.
I learned in a hard way that it's not trading accuracy that matters.
It's doesn't matter how many times you are right and how many times you are wrong.
What matters is how much you lose when you are wrong and how much you gain when you are right. It's all about money in the end.
A STUDY ON AMBUJA CEMENTSAmbuja cements is broadly moving in the range between 183 to 225
But presently there is a sudden down move from 210 High..
How to know whether it is part of a corrective move or is it an impulsive move ??
How to know whether the present down move from 210 is an impulsive move or a corrective move ??
To know that we have to check the previous upmove from 183 TO 210
If you look closely , it took 35 trading days to move from 183 to 210
After that the Down move started
Now if we have to call the next move as impulsive , we have to break the previous low (183) , within 20 trading days (half of the previous)
Presently it is @ 196 and till now it has taken six trading days
Can it break 183 ??
Let us wait and watch
If you ask me , it looks like a corrective wave and is a good buying opportunity in the range of 183 to 190.
MOMENTUM TRADE IN AMBUJACEM !!(DEC FUT)!!MOMENTUM TRADE IN AMBUJA
VIEW
-BROKE OUT OF SYSMMETRICAL PATTERN
-RETEST THE BREAK-OUT LEVELS WITH A PULLBACK
-ABOVE CRUCIAL RESISTANCE
-RISE IN OI + RISE IN PRICE
CHECK THE PREVIOUS IDEA
TRADE VIEW
DEC FUT
BUY@205
STOP@200
TARGET 1@210
TARGET 2@213
LOT:2500
QTY:2
Big W Pattern The Stock has formed big W pattern which is the opposite of big M posted today. We can observe that RSI is showing Divergence One can trade the stock in the following manner :-
Entry current Price 214
SL 207 or below of 204 (Closing) depending upon the risk you want take in this trade
Target 235
Risk/Reward Ratio 3.5
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Ambuja cement Morning Setup - T1 achievedAmbuja Cement is moving to different targets
The targes are actually the intermediate support/resistance.
Our T1 already achived.
T1 - 212
T2 - 208
T3-205
Understanding :
When we observed Ambuja Cement yesterday, we found that it was on a resistance point.
How to know that it is a resistance point ? We see if it is trying more times to go above a point and if previously it did similar. If yes, we draw trend line.
Ok so we understood the resistance point. And thought if we could place a waiting order. Also we targeted our three targets which we expect it to achieve.
Why we set our targets, those will become trailing stoploss .
How we were able to set the target, we tried to understand the next resistances/support that it had got previous. Simply we have set our targets there.
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