NSE: AMBUJACEM is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on...
Ambuja cement in making channel pattern. it is look like a bullish. we can invest at cmp and price comes 420 we will average this zone. our first target is 453 and second target is 468 .we have to maintain stop loss 412.
Refer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any...
Ambuja Cements moving through a parallel channel for the last 4 months. Now it's in the support line of the channel. Technically looking good for an upward movement of 10%-20 % with in two months time. Volume also spiking good.
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AMBUJA CEMENT LTD
Key highlights: 💡⚡
📊On 1Day Time Frame Stock Showing Reversal of Falling Wedge Pattern.
📊 It can give movement upto the Reversal target of Above 445+.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 492+.
📊 Can Go Long in this stock by placing stop...
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising Channel
📌 Symbol/Asset: AMBUJACEM
🔍 Description: Stock is in a Rising Channel. and it may take support at channel support. and if it breaks channel support then we might see fall till next support !!
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical...
There is a bullish pennant pattern formed in 1D timeframe.
It can be a good trade for both swing traders an intraday traders once it backs the upper parallel channel.
First target could be 460.00 level
SL would be end of wick of the break-out candle
Happy Trading Cheers:)
A descending channel is being formed in Ambuja Cement Daily Chart. Though this is a early stage of the channel, usually these kinds of descending channels breaks out upside. But before trade entry, needs to confirm with other technical indicators too. For a more clear indication, price needs to cross 450 with a good volume.
The stock should achieve 460 target in 2-3 days. After 460 target stock may face resistance. Open interest data too shows the stock heading towards 460 mark. Yesterday saw a lot of long buildup in calls.
Disclaimer: Do your own research, I am not a registered analyst
