AMBUJACEM trade ideas
AMBUJA CEMENT Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Ambuja Cement Lateral Consolidation If price breaks the resistance of 200
--or--
price breakout and retest 200 (ie acting as support ) ;
then go Long for the target of 217-220.
SL 195.
Ideas are shared assuming delivery based transactions.
Research for education purpose only.
[Positional] Ambuja CementBull flag on the weekly time frame
If breaks and sustain above 200 can give good up-move.
bullish crossover. Go LongAmbuja cement make Rising wedge pattern and now stock touch it's resistance level. if market open and break its resistance then buy above 197. MACD also indicate bullish crossovers
AMBUJACEM - Small swing opportunity 1:2 setup with Data analyzeCMP : 187.50
SL : 184
Target : 195
1) This script attracted me due to its deliverable volume in the last few sessions, and such a tight consolidation near the support area.
26/06/2020 - 51.24%
3 Days average : 44.53%
5 Days average : 51.40%
8 Days average : 46.77%
2) Open Interest is increased drastically. PCR : 40.41% which is bullish
AMBUJACEMIntraday Trade Setup
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Buy AMBUJACEM above Rs .190.50 for the Targets of Rs . 194 - 196 ++ .....
Stoploss Rs . 188.50 ....
**Note-> Buy only if 15min Candle closes above 190.50 ...
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Thank you,
Vishwajeet Sharma
AMBUJCEM SELL BELOW 189.5..TGT 186..TOMORROW 16TH JUNEAMBUJCEM SELL BELOW 189.5..TGT 186..TOMORROW 16TH JUNE
Ambuja - Showing strengthGood strong recovery, a triangle pattern on the daily chart, stock at resistance, a very strong green candle on Friday breaking and closing above the triangle pattern, bullish RSI divergence, economic activity commencing leading to spurt in pending infra projects being taken up on priority... how many more reasons do we need to enter the stock if not already done. Go long above 194.85 for an immediate target of 205 where there are multiple resistance points. Once that is taken out, the stock can quickly head to 217.50 .... SL 188.00
CONTINUATION to previous breakout ideaTRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up. we have to wait patiently till one gives up. once the bull/bear gives up we go with the winning side and reap the benefits.
HERE you can see even though market opened negative once the graph penetrated into our triangle how it followed the triangle support and resistance levels. The bears lost control @14:15 ( breaking out the resistance line with increasing volume ) and the stock moved UP.
WHEN TO TRADE : one should enter @14:15.
STOP LOSS: safe players can keep resistance line as stop loss risky players can keep support line as stop loss.
it had a small break out wait for confirmation you can buy ambujacem after the confirmation or you buy now also( if monday is positive market ) it looks good for buy
Ascending Triangle - Ambuja Cement Note: This is for educational purpose only.
There is an ascending triangle formation in Ambuja Cement which indicates that buying pressure is more. Moreover, there is a Bullish Engulfing candle stick pattern formed in the last 2 candles.
TRIANGLE BREAKOUT.TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up.
AC line will act as resistance line.
BD line will act as support line.
when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction.
STOP LOSS: If the breakout is upwards then support line will act as stop loss.
If the breakout is downwards then resistance will act as stop loss.
PS : This is 15 minute candlestick chart so the targets are most likely to achieve in 1-2 days.
The accuracy of this strategy is 80%.
