Ascending Triangle Pattern in AMBUJACEM on Daily Timeframe!
AMBUJACEM Retesting it's support level!
Ambuja Cements has made Ascending Triangle Pattern on Daily Timeframe. It has given a decent breakout with average high volume. After it retested it's support level. It has made a s pinning bottom candle on it's support level. We...
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...
📈 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
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...