AMBUJA CEMENTS 1H TFLooking good for short opportunities once the trendline is broken can give a nice momentum as it's been a buying trendline.
Please do follow me for more such trades nd do check out my previous analysis.
Ambujacementshort
Ambuja Cement giving a break down of Head and Shoulder.The stock has given a nice break down of the Head and shoulder pattern.
The markets are in the negative and the stock has given 40% (approx) returns in 30-35 days time.
Stock has broken the neck line of the of the pattern and closed below it.
The stock has closed below its 50% Fibonnaci levels.
Wait for the stock to retest the price level of the neck line and watch for the price action near the levels for shorting the stock.
The targets and Stop loss are mentioned in the chart.
An intraday and swing trade can be initiated in the stock.
Wait and watch the candlestick pattern for carrying on the trade.
AMBUJACEM : Triangle patternAMBUJACEM : Triangle pattern
its trading at triangle patter on daily time frame. also given breakout of Hourly triangle.
Its good to me near retest level of hourly TF & near support. Risk reward ratio is favaroble.
I will wait for bullish Candle near support.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Ambuja cement 100% - lower High pattern hi team ,
plz see ambuja cement chart - after weak quaterly result it shows 100 % lowe high pattaern , you have oppertunity to short .
buy - current level 338
sl -350
target - t1 - 321
T2 - 297
AMBUJACEM trend analysis AMBUJACEM
bullish price move
expect to minor target first when break the minor target and histroical primary resistanceline goto all time high histroical target
Simple Trade Setup| AMBUJA CEMENT | 30-08-2021NSE:AMBUJACEM
Observations:
1) On Daily time frame it reversal and break 21DMA and closed above it. But it is below it's nearest resistance range of 410-415.
Please refer below chart : daily time frame.
2) On 1hr time frame, you can see this resistance range 410-415 giving resistance multiple time and only one time it has broke it but couldn't able to stay above it.
And now it is critical moment for this, if it breaks this range then it will be good upmove but if it fails then again there will be down move.
Please refer below chart: 1hr time frame.
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Trade Setup for Date 30-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
AMBUJA Short Sell Retest. NSE:AMBUJACEM has formed a triangle and gave a breakdown. It has again come for retest now. Has good risk to reward.
