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.
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.
AMBUJACEM Entry at 210.65
Risk/Reward 1: 5
Risk 1.90% Reward 10%
I'm a risk-reward maniac, and I am willing to sacrifice my accuracy over high reward. I am following Higher Time frame trends and buying pullback and selling rallies on the daily chart. So my small stop-losses are going to hit more often than my targets.
I learned in a...
MOMENTUM TRADE IN AMBUJA
-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
MOMENTUM TRADE IN AMBUJA CEMENT
-RISE IN PRICE+RISE IN OI
-BREAKING OUT OF SYMMETRICAL PATTERN
-MOMENTUM STRATEGY APPLIED
i 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)