Ambuja CementAmbuja Cement is trading in a upward channel since December 2020
Above 427 it has given a fresh breakout which can test upward resistance of channel at 455 - 460 levels.
Gap support at 410 levels.
AMBUJACEM trade ideas
Ambuja Cements Bullish Momentumafter the successful retracement
in weekly time frame
Trend Bounce back leads to rally may continue
AMBUJA CEMENT LOOK GOOD BUY ABOVE 426 TARGET 440 SL420 ambuja cement just crack its previous this is good time to buy add on dips ..
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.
#AMBUJACEM .. Trade SetupRefer the chart for Risk and Reward
Follow position sizing and proper risk management with every trade.
AMBUJA CEMENT | FLAG BREAKOUT | 18-20% Potential | SL 5%AMBUJA CEMENT | FLAG BREAKOUT | 18-20% Potential | SL 5%
Cement sector has witnessed buying in last session and pattern confirmation is a plus. Comment down below of you want me to study any stock.
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.
Ambuja cement creating flag pattern on 15 min chartAmbuja cement creating flag pattern on 15 min chart.
But it is in uptrend on the daily chart
It may hit a trend line (bold red line) and then show a good uptrend
Buying opportunity may create within a week
anbuja cement symatrical triangle patternNSE:AMBUJACEM ambuja cement can give breakout or breakdown in next 2 or 5 session
Short below 390Short below 390 -
390 is seems to be good support. If 15 mins candle closes below 390 then there are chances for good fall
AMBUJA CEMENT- short termBuy around 400, SL will be 30 minute candle closing below 390
Target- 415,420 425
Ambuja CementIt seems Wave C of a zig zag is unfolding. Wave B retracement was exactly around 0.618 level. If the thesis is correct we may see mentioned levels as Wave C TGTs
Ambuja @ support of 388if Ambujacem cross below 388 then sell and if sustain there and gives buy signal by using VWAP and exponential moving avg by 9, 21, 50 EMA then buy or sell if crosses below these EMA .
AMBUJACEM - Last LegEntry on Pullback
AMBUJACEM
Buy -Above 410
Sl -405
Target - 423
Duration- Intraday Or BTST.
Ascending Triangle on Ambuja Cements A Hammer pattern is seen on the hourly timeframe.
Even though we can see a ascending triangle, the bullish volumes are reducing.
A long can be possible only when we can see it above 407-408 levels.
A Short can be possible when it breaks the trendline and till T1-393, T2-383.
Next week can help us get more info on this.
Cup and Handle Pattern in Ambuja CementCup and Handle Pattern ; Looking weird but
yeah it is but it can give Breakout from one of the Direction
But I am Bullish and Will Not take any entry At downside
good for swing trading for trgt of 420 /-
PLAN YOUR TRADE, THIS IS JUST MY VIEW
Ambuja Cements ...... buy ???In a prober down trend
strategy : Sell on Rise.
Channels defined.
Levels Plotted.
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