Watchout for Resistance breakoutThe stock bounced back from support and gave good rally today. Looks good for long above 265.3 for a target of 272.
AMBUJACEM trade ideas
AMBUJA CEMENT long term view Ambuja cement performance since the market crash. let us discuss some important points regarding ambuja cement.
after the crash, it has formed a perfect parallel channel pattern in that 3 supports, 3 resistances are faced. There are 2 nearer reversals zones at 245 and 280.
245 level is acting as support, 280 level is acting as resistance.
As per Fibonacci retracement once it got tested 0.38 level, Now it is testing 0.24 level. And also there is an important resistance (280) zone nearer. After that, there will be a huge breakout let wait for it and be ready to grab it.
Please LIKE you are convinced with my explanation, if not let me know in the comment section. I am eagerly waiting for your reply good or bad just reply. Thanks for reading.
Disclaimer:- It's just for educational purposes.
ambuja- keep trackkeep track on ambuja cement, above 282 it will give multi year breakout with big targets. just see either it will give breakout or breakdown...
My bias is for going long as cement sector is performing strongly and it can give a breakout
Ambuja cement viewHello Traders !
I am expecting good upside move in Ambuja cement from CMP 262-264
VIew negative only below 257
DISCLAIMER
( Educational Purpose )
All investments involve risk.
Please Do your analysis before initiating Any trade
Good luck !
Ambuja Cements ShortAmbuja Cements CMP 264.1 Short For Target 255.1-249.9-242.6-227.2-212.7-194.9 SL 274.3 Weekly Candle Closing Basis
Ambuja Cements 5/1/21 TuesdayClear breakout on day chart also there’s ascending triangle formation in 15 minutes timeframe . It should reach target tomorrow or day after tomorrow .
Ambuja Cement testing 3 yearsm highThe resistance is offered this time by the previous high made by the stock and also the same high that it made in '18.
If the resistance is broken, we can see a good move. Cement stocks are in action with the budget just around the corner.
Keep this on your radar.
Please like and follow.
NSE:AMBUJACEM
Bullish pattern in Ambuja CementsPositional : Buy Ambuja Cement above 272 and average on dips. Maintain a SL of 250.
AMBUJA CEMENT is highly bullish and is about to recapture it's 52 week high of 272.
AMBUJACEM ABOVE 272(Trendline BO)......ABOVE 272
FOR 284-290-300
SUPPORT AT 235-220
OTHER THINGS ON CHART
ambujacem jan 6th 2021 possible breakout ambujacem jan 6th 2021 possible breakout cmp 257.65 marked levels for educational purpose
clear breakout sign in ambujaambuja is looking good on chart, it is going to break 280 level shortly, which is its all time high.
