AMBUJACEM trade ideas
AMBUJCEM BUY ABOVE 194 TOMORROW 9TH JUNEAMBUJCEM BUY ABOVE 194 TOMORROW 9TH JUNE
NOTE:WATCH OUT FOR PROPER REVERSAL PRICE ACTION PATTERNS BEFORE ENTERING THE TRADE AT THE PARTICULAR PRICE MENTIONED.
Understanding the Moves of Wave Theory There are so many People talk about it , Yet you will not find them successful @ all the moves in the stock market , The reason can be only one
Lack of Knowledge along with Lack of Practice , during my training season i was one of most arrogant student in the Class room i never use to proceed ahead with
every one i always had a Questions about the theory being applied on Financial instrument , and I only moved ahead when i use to get proper answers ,
One can Laugh on me ,its true I took longer time to learn it almost double the time required to learn it ,
After learning the practicing was Much harder then it looks when we are trying to read book and listen class room explanation
it takes hours of practice to come to conclusion of each steps , each steps of conclusive methods can lead to next steps and so on until you become master in it
I nearly Practiced it for 16 hour per day , those days Trading view was not there i was using Fusion Software ( Very Older version ) at least you people have this social site where you can practice without any pay for free
My point is People who read book and view some video explanation usually try to Jump the Guns , but its not that easy , results are far away form their views
Coming to Point of this scrip
This is due for Next Impulse move up , but the developing structure has to confirm the move in relatively 5 wave move on smaller time
please remember i am using the words as relatively , that means some time they will be visible and some time they are not one can let it complete its wave 1 developing moves and then wait for pull back for Long term position entry
My 1st Target i have mentioned here , Look for proper set up
i have also made an Visual representation of chart try to understand it , if you have Question ask it
Good luck
AMBUJACEM 1hr analysis. Possible down moveHello Trader, Here is the full analysis of :
1) On 1hr chart we can see it as formed Crab pattern and possible reversal expected.
2) Price is near strong resistance zone and can test this zone for up move and if it fails then on basis of Crab and strong resistance one can look for short.
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Ambuja cement can be taken for long entry.Resistance level of 191 has been broken by Ambuja Cement. This stock can be taken for long entry till 205-207.
Add the stock in your watch-list & check the given level. Always do trading as per your Reward to Risk ratio only. Please keep patience & wait for the levels. The idea sharing is for educational purpose only.
Long Ambuja CementLong on Ambuja Cement with low of the candle as stop. Target 15% for m current levels.
BEARISH AMBUJA CEMENTidea posted on 13-may-2020. Look at the power of candle stick pattern. Trade taken on shooting star is very poweful and accurate. Look at the charts not even touch our Stop Loss & result is in your hand. Patience is the key to success in stock market.
Ambuja CementsAge old Technical Setup as per books! A Trading Range breakdown is often followed by a pullback to resistances before continuing with the fall.
Short entry for Swing tradersThere is clear visibility on daily charts of Ambuja Cement for today candle is shooting star . From this level a very strong resistance or downfall can be seen. So traders can be add this in watch-list for tomorrow.
AmbujaCem:10th May 2020Buy:159.50
SL:156>70
Target1: 162.25
Target2: 165.05
*If Price opens below the zone cancel the trade
*If price spends time near the buy price cancel the trade
