Ambujacement
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
Complete analysis of Ambuja cements on Multiple time framei shall try to analyze Ambuja cements on Weekly , daily and 4 hourly chart
On the weekly chart shown above ,Inferences are
1) The weekly trend is down (with potential break down below 189)
2) The potential supports on Weekly chart is shown & has a powerful support at 189-195 levels (dotted lines)
BUY AMBUJA @ CURRENT LEVELS - EXPECT PROFIT OF 10 % IN 1 MONTHSAs shown in the chart,
Reasons for buy @201
1) Divergence
2) touching the low of the value box shown
3) other reasons - elliott wave pattern
Stop loss - 180
expected Target - 222
Time frame 1 month
Disclosure -
I have personally invested in this stock @ current levels
So i may be biased for long
please do your own analysis
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 Long...AMBUJACEM take Overbought zone to keep watch if break directly or pullback 38.3 retrace then break Upward
Dont enter trade now keep wait for pullback
Enter Above 235. 50 to 237.50
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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LONG AMBUJACEMI hope you can now see how Ambujacem CHART Pattern represents an excellent low risk profit entry setup allowing you to trade. Hence the low risk profit entry setup. You will also have seen with the correct price you can determine your entry and exit with high levels of accuracy ensuring the risk/reward is always in your favour..
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Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these CHART will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these CHART are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. Unlock Financial has no responsibility for your trading results. There is a high degree of risk in trading.