The stock has given a nice break down of the Head and shoulder pattern.
The markets are in the negative and the stock has given 40% (approx) returns in 30-35 days time.
Stock has broken the neck line of the of the pattern and closed below it.
The stock has closed below its 50% Fibonnaci levels.
Wait for the stock to retest the price level of the neck line and...
Hi,
This is the Daily chart of AMBUJA CEMENTS
The price has given a breakout
Reason for entry :
Daily chart Cup and Handle Formation.
Resistance trendline Breakout.
Stoploss
Below the new Support level
Targets:
450 , 490
NSE:AMBUJACEM
#NSE:AMBUJACEM formed Ascending triangle and support not broken.
Chart indicates good positive momentum in stock.
short to medium term positional.
📈 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 Cement is Trading on a Strong Support this week. As it was moving in a channel from a very long time, that broke and took Support and trying to Reverse now.
There is a Harmonic ABCD pattern has formed. And it can be a good reversal from here.
According to pattern and Fibo ratios, there are some possible targets are creating.
Target 1 - 330.00
Target 2 -...
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...
NSE: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...
AMBUJACEM
bullish price move
expect to minor target first when break the minor target and histroical primary resistanceline goto all time high histroical target
NSE: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...
Ambuja Cements is in Pole with Flag Pattern and it is consolidating and it will break the range.
If it breaks 415 level with good volume
one can go long with minimum risk
Set your stop loss of approx 50 rupees in NSE:AMBUJACEM as it is on its weekly breakout it may give you a very big profit in an uptrend.
Set Your target by trailing stop loss. Move forward as the stock will go further.
