NSE:JKLAKSHMI
#JKLAKSHMI
CMP: 345.35
Target: 395 ++ {HOLD for higher UP SIDE!}
SL: 327
Time Frame: ~ 1 month
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AMBUJACEM has retested its 2-year trendline and made a bullish candle for the day, with a good amount of volume. It has taken support from uptrend line as well as at 38.6 levels of the previous upswing. We can expect a good move from here.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before...
Ambuja cement is in a Strong uptrend in weekly charts going with that Idea we are taking a long entry in a shorter time frame.
Ambuja cement has given a Breakout in hourly time frame with movements in volume. The second reason to go long is that the stock has taken support twice at the 0.382 levels of the fibo and has formed a double bottom at the respective...
The stock has taken support at lower trend line at 246. Now it will head towards it's upper trend and might reach at 268 withing 5 trading sessions. If it breaks that trend then stretch your target for 300. You can bet it as a swing trade. All the best.
Trendline and the specially designed volume action analysis suggest a bearish run on the AMBUJACEM.
The background with light green color are indication for bulls taking the position and the Light red background suggest Bears are dominating in the region.
This is my current week analysis on AMBUJACEM.
will give follow back to all the followers.
Please comment...
The stock has been consolidating for some time now. And also created a clear triangle pattern if broken can give an amazing momentum.
These are the levels:
Buy above 240.55
Sell below 238
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late...
Ambuja cement gave breakdown on inverted CUP AND HANDLE pattern in previous day session. Suggestion is not to short even if it looks very lucrative and clear breakdown. Some of the observations which are very imp as per technical analysis.
1. Good Volume is missing
2. 200 dma is just below the breakdown candle. (security may bounce in some cases and hampers R:R...
Ambuja Cement has bounced back from the lower channel and moved towards 0.382 Fibonacci retracements. One can go long if it crosses 211.30 with a stop loss at 206.60.
![AMBUJACEM: AMBUJA INVERTED CUP & HANDLE BREAKDOWN ALERT [EDUCATIONAL]](https://s3.tradingview.com/c/CG7pnaxB_mid.png "AMBUJA INVERTED CUP & HANDLE BREAKDOWN ALERT [EDUCATIONAL]")
![AMBUJACEM: AMBUJA CEMENTS SWING SELL [VT LEVELS]](https://s3.tradingview.com/b/bzHnfPKQ_mid.png "AMBUJA CEMENTS SWING SELL [VT LEVELS]")
