Ambuja forming a double top on 1d time frame and on weekly time frame scenario is weak, so price can come down to test support if it has to go up.
1->430 below 423-414 level can be seen (on weekly basis)
2-->for Monday:- 432 below 15min candle closes 430-426.55 target levels can be seen
3-->if sustains above 438 for 15mins then 441-444.10target can be...
Happy learning with trading. I just shared my view. If correct give me one like. If not, correct me.
Points to Note:
1) bounce from support and standing at resistance (4th time). possible to breakout.
2) last two weeks candle show good rejection.
2) Safe traders buy at 570 for target.
Disclaimer:
I am not a Registered Analyst with SEBI and it is only for...
627 can be a good entry point. If it continues to move in the channel we can keep a target level of 650, 675 in short term. Safe traders can wait and take entry after a small dip, as one can expect it to go as low as 611 and then resume the rally thus forming a cup-handle pattern.
AMBUJA CEMENTS LTD is trading above it's All time high (ATH) and is at 617.60. Next Target seems to be at 767 as per Fib Retracement.
Note: This Idea is just for educational purpose. Do not trade based on this idea. Do you own analysis before trading.
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
Ambuja Monthly Chart Suggest Breakout - Targets 975+ in 1 year
Monthly charts showing price moving in channel & now breakout on monthly charts will show some momentum in stock above 600.
LTP - 592
SL - 565
Targets - 975+
Timeframe - 1 Year
Happy Investing
![AMBUJACEM: [Swing Trade] Ambuja - My buy price 630.7](https://s3.tradingview.com/g/gG6hRlWs_mid.png "[Swing Trade] Ambuja - My buy price 630.7")
