Ambujacement
Ambuja Cement taking support. Go Long ?Ambuja Cement is taking support from a trendline formed on Daily time-frame. You can go long once you see a strong bullish candle on Daily time-frame / 4H. Place the stop-loss below the trendline and targets according to your analysis. Note : There could be a chance of failure of the price to go bullish because the stock is trading below its 200 EMA (1d timeframe), which could be considered as downtrend. Take the trade according to your risk appetite.
I suggest you to exit half of the quantity once it takes resistance from 200 EMA / 360 Rs.
AMBJACEM -- Breakout soon... ?? Ambuja Cements -- Currently in consolidating phase from past 7-8 weeks with the flat trend.
Currently trading with No Supply - indicates possible up-move.
Also - the during recent market fall AMBJACEM - didn't fall and hovering around the support level.
Need to break 365.25 levels to see upside momentum.
Next targets - 390 / 410 / 433
Please spend time on your own research before investing.
tata motors supply demand conversion zone The green zone is a supply-demand zone where tata motors took resistance two times and at the third time as it touches the zone gave breakout on higher side. It is the first time when it came back to the zone where the zone will behave as support.
It will move in the upcoming weeks if sustain above zone.
I attached a chart of NSE:AMBUJACEM , its chart also look like tata motors. Ambuja has taken support from zone and moved up by 40%.
So because of similarities, I am expecting this kind of move in tata motors.
You can find more stocks on kind of this setup and do back test as well as forward test.
Give thumbs up if you guys really like my analysis.
Happy trading
Ambuja Cement Chart Analysis !!📈 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 Financial Advisor Before Taking Any Decision On This Analysis.
Ambuja Cement to Buy 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 - 360.00
Target 3 - 387.00
Buying only be initiated if price closed above 296.00.
AMBUJACEM Blast, further level marked !!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 chat available in below signature column 👇 down side to this chart.
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AMBUAJ CEMENTS WAITOnce can enter for swing or short term around 290 levels in Ambuja cements because there has huge support and also 50% fibonacci levels is in around 290 levels only.Be patience and enter at the right time.Have a good trade and do your own analysis too.
Comment your thoughts below.
AMBUJACEM - Retest of Multi-year breakout - Morning Star patternThe analysis is done on daily TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.