Cement
Ambuja Cement - A buy in cash segment.Feels like Ambuja cement has completed 2 waves of major trend
If this is the 3rd impulse wave structure, we can see a sub wave (impulse) in it.
Have a look at the RSI and volume in hourly chart.
Buy zone :495-500
SL zone:465 levels
Final target for this wave is 645.But depends on how we manage the trade.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
Dalmia Bharat Chart Analysis !!📈 Dalmia Bharat 📉
This Stock Broke out from a Resistance zone of 1480-1500 after testing two times this range on upside with a strong green candle.
If you look closely you can find double bottom kind of pattern as well. So It makes this to long ride with Great risk to reward.
Bias - Long
Target - 1727, 1981 and 2170
SL - 1359
RR- 1:4
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 Financial Advisor Before Taking Any Decision On This Analysis.
AMBUJACEM short trade with multiple confirmationsAMBUJACEM has formed an inverted hammer a rejection candle in the supply zone and at trendline resistance. The next candle has closed below the inverted hammer candle thereby triggering a confirmation for short side trade. A short side trade with risk defined hedged fno strategy can be a good idea. A close above 380 will invalidate the idea. Possible targets on the downside 334,324,314. Closing price on 19th April 2022 is 354.25
India Cement Chart Analysis !!📈 India Cement 📉
This Stock Broke out from a Resistance zone of 210-215 after testing two times this range on upside with a strong green candle. If you look closely this resistance also use to be a support in Jan Fab. So It makes this a Strong breakout.
Bias - Long
Target - 231, 254
SL - 205
RR- 1 : 2
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 Financial Advisor Before Taking Any Decision On This Analysis.
Mangalam Cement - Might get a breakoutRecently cement sector is gaining momentum. After the 2020 fall, the stock is linearly increasing with a spurt in July 2021. Since then the stock has again caught itself in a range between 326 and 414 which can also be confirmed from historical data. Seeing current situations we might expect the stock to give massive returns. Seeing the fib levels and EMA 50 and 200 we can expect Target to be 544 and if it is broken, the sky is the limit.
Please comment your thoughts and do share your view among others.
JK Lakshmi Cement ready for the uptrend!🤩💸🔥💡OUTLOOK:
The cement demand in the country will remain buoyant backed by higher infra and housing spending by the government and robust rural and real estate demand. The company is well-positioned to grow its revenue and profitability on account of attributes such as strong position in its key markets of North and West, increasing share of value-added premium products, and strengthening the balance sheet.
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Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
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The stock gave a multi-year breakout and then was in the retracement phase. Now, the breakout of retracement trendline the retracement seems to come to an end & we can expect a strong rally from this level.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Buy QUALITY of stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
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LIKE, COMMENT & SHARE 😄😄😄
APCL looks good Positionally- Price coming out of Range contraction
- Accumulative volumes being witnessed
- 1.7x weekly deliveries last week
- Increasing Relative Strength
- Stock outperforming its sector & Nifty50 in every timeframe except on 3m (due to stock being on a breather)
- Quarterly results have been positive for since the last 6 Quarters.
- Another positive Q2 will incite price to move much further up.
- Cement sector will be the collateral beneficiary of the upcoming rotation in Infra sector.