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
bullish price move
expect to minor target first when break the minor target and histroical primary resistanceline goto all time high histroical target
NSE: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...
