The pattern now forming is almost identical to the pattern 3 days back. If this continues then we might be able to see the history repeating itself and can see the next support level of 3600 in IRCTC. So, If someone wants to buy, can wait for it.
This chart shows the AMBUJACEM - POWERFULL RANGE CONSOLIDATION between 219 - 255
You can look for buying opportunities above 219 .
Target can be set to 225 .
Stop Loss can be below 218 .
Beware : Please keep in mind and stay away from False Movements
Also this is not any recommendation. Trade at your own risk.
As per my sister history will repeat itself.
According to her this share is following the same pattern formed in December month 2019(1,2,3, Pattern), if within two or three days it falls, following Nifty or if it breaks its support @322 it will fall & takes downward momentum and we can short the share right after the confirmation given by the bearish red candle...
As volitility with india vix at 71 is big concern and also the global problem of corona virus is going on so its hard to expect for long trend changing moment . but if we get some good news than technicals going to support. it will be safe to go for long in zeel.
