Ambujacem had been consolidating since 31Jul near its swing high resistance level (224-225), yesterday that range & resistance got broken with volume. Buying Above 230 seems good bet
A demostarated video of ambuja cement for trading idea This video is only for educational & learning purposes
Breakout happening with volume at 200
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Wait For a clear break out and then trade. For educational purpose only.
Good strong recovery, a triangle pattern on the daily chart, stock at resistance, a very strong green candle on Friday breaking and closing above the triangle pattern, bullish RSI divergence, economic activity commencing leading to spurt in pending infra projects being taken up on priority... how many more reasons do we need to enter the stock if not already done....
Note: This is for educational purpose only. There is an ascending triangle formation in Ambuja Cement which indicates that buying pressure is more. Moreover, there is a Bullish Engulfing candle stick pattern formed in the last 2 candles.
Ambuja cement good to buy , next target 193.
Ambuja cement short term analysis. Possibilities are more to go down side.
Hello Trader, Here is the full analysis of : 1) On 1hr chart we can see it as formed Crab pattern and possible reversal expected. 2) Price is near strong resistance zone and can test this zone for up move and if it fails then on basis of Crab and strong resistance one can look for short. How can you support me: 1) Like my idea. 2) Follow me for more...
idea posted on 13-may-2020. Look at the power of candle stick pattern. Trade taken on shooting star is very poweful and accurate. Look at the charts not even touch our Stop Loss & result is in your hand. Patience is the key to success in stock market.
There is clear visibility on daily charts of Ambuja Cement for today candle is shooting star . From this level a very strong resistance or downfall can be seen. So traders can be add this in watch-list for tomorrow.
Breaking out from the lower end of the rising channel.
Ambuja Cement has formed Dark Cloud Cover Pattern and also breakdown of brearish flag. Target 0.382 = 163.40, 0.5=153, 0.618 = 153.05
After giving BO from 160 level, it is going in channel. it will come down to retest the BO levels, good to add around 155-158 levels for target of 172, 182,193.
Ambuja cement bouncing off from its monthly support. Going for LONG for the purpose of investing.
AMBUJA has come out of the falling channel has made a higher high - higher low pattern looks like a good buy @206