Ambujacement
Trade Idea on Ambuja Cement with Price action notes In the above chart, the price action goes like this.
1) 50-60% Fibo retracement zone - Stock after a substantial fall getting lots and lots of demand from this zone
2) Its fibo retracement - Used from a swing low to swing High
3) Its called a counter trendline - stock currently getting demand on the extended CT, as a result of breakout and bigger time frame retest
4) It's called a trendline, made from a swing low point to another swing low, extended forward, giving a demand zone
5) Its called a Confluence zone, Candlestick pattern is bullish pressure, lower wick multiple rejection on W time frame and cluster of many other demand areas
6) 3 Yellow lines are potential Target zones from CMP.
AMBUJA CEMENT INTRADAY SET FOR 21.02.2023So , here I share with you the strategy for Intraday Trading for AMBUJA CEMENT . On daily time frame the Stock with CMP as 352.45 has already entered the reversal pattern and has potential to go trend up till 595. On lower time frame , i.e. 15 Mins , the stock is in range. If Stock Breaks this range , as detailed in the chart , we can enter the trade with different entry levels and targets.
Remember , the Chart has just entered the uptrend and thus we shall only look for the opportunities to buy.
Our First Condition to enter the trade is Break out @ 356.75
Technical Indicators on 15 mins candle :
CMP : 352.45
MA50 : 350.07
MA200 : 352.31 ( Making Golden Cross Over)
RSI : 55.62
ADX(14) : 24.26 ( Directional Strength )
ATR (14) : 2.6 ( High Volatile )
To understand Market Structure at daily frame, please refer to the link.
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AMBUJA CEMENT LTD : ISME JAAN HAI LONG TERM CALLOne of the India's leading and oldest cement manufacturing company and well known brand of Middle Class Segment of our Country AMBUJA CEMENT, had shown some sharp declined in Jan 2023. However buyers are back and the chart is in the Demand Zone. Let us analyze signals we are getting from chart.
1. The Stock has already faced rejection from both Distal line and Proximal Line of the Demand Zone as marked in circles in chart.
2. The chart is forming three back to back Hammers on Weekly time frame.
3. RSI is 33.30 ( under bought) on weekly timeframe.
4. The chart is in the formation of Three Bottom Pattern as shown as A, B and C on daily time frame.
5. Total Volume of trading in last three trading days is over 36 Millions.
6. Two days ago , Ambuja Cements Wins Bid For Uskalvagu Limestone Block , Orissa thus attracting Institutional Investors.
The entry level and the Targets are marked on the chart. This is a long term trade plan. Conservative Traders must enter the trade only after price action @ 353 and 399 .
Thank you for boosting my studies , and it is motivating me a lot to share more analysis with Trading Community. Best Wishes !!
AMBUJA CEMENTS - DAY CHART - 06.12.22 - BAHAVAN CAPITAL AMBUJA CEMENTS as per day chart analysis Stock ABOVE 585 TARGET 590.
As such the market is volatile with FII 635.35 Cr and DII 558.67 Cr being Net seller for Today (06.12.2022)
For all the followers and for those who have liked my ideas. I thank them for their support. And i will continue to post the charts.
No matter what who post the charts always analyze before your entry and exit.
Happy Profitable Trading to All...
AMBUJA CEMENT case studyAmbuja cement have give a phenomenon rally from level of 150 to now around 600 levels, almost 4 times in last 2 years,
Counter is now trading around 592 levels which is life high levels for the counter,
Bearish equivalent harmonic ABCD pattern formation with maturity level around 580-611 levels,
now any upward journey in counter should be used to exit your long positions , as harmonic study suggest that counter might face resistance around levels of 590-611 levels, any weekly closing below 580 levels would confirm the trend reversal in counter,
RSI have bearish divergence on weekly time frame with respect to price.
Fresh investment only suggested above 630 levels on weekly closing basis or wait for a dip till levels of 485-444.
Time to be cautious in your investments in this counter.
Ambuja Cement: Chart set up, view and trade potential Ambuja cement
We are looking at weekly chart of Ambuja Cement
- weekly closing high 539.35
- low made thereafter 471.05
The stock has possibly done its short term target on the upside (Jitna neeche utna ooper)
View: Rangebound
Given the set up one may consider a Bear Call Spread strategy
Sell 560 Call option currently around 8.3
Buy 600 Call option currently around 3.1
Lot size 1800
Net receivables Rs 9360 per strategy lot
Margin requirement approximately 91K
Profit potential approximately 10.25% on Margin till 24 Nov 2022.
Protection for a rise up to 565.2 till 24 Nov expiry.
Review point for me, If weekly close is above 544. It gives ample scope to adjust / exit in case stock behaves in a different way. Do follow your risk management measures
Take care & safe trading...!!!
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Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
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- if trading in F&O, understand that F&O trading involves risk
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Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes.
Ambuja Cement - Intraday trade Logic : Range breakout with volume
Entry : 372-376
Stop loss : 369
Target : 385
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView