AMBUJACEM trade ideas
AMBUJA CEMENT FAKE BULL FLAG BREAKOUTIT IS MAKING BIG DOJI CANDLE ON TOP OF BULL FLAG TRENDLINE LET IT CLOSE IT MAY FALL TO LOWER LINE OF FLAG APPROX 205 THEN IF BROKEN FURTHUR IT WILL FILL GAP AS SHOWN
Ambujacem is bullish above 210there is short uptrend spotted in ambujacem
so stock can be bought above 210
between 211-213 for 224
SL at 209
For short term, 210 is decisive level....
#Ambujacem Target 235, SL 205 (Cash Positioanl)#Ambujacem Target 235, SL 205 (Cash Positional)
Twitter @andibhatt
1. All levels are given in cash.
2. Calls are positional.
3. Positional means 2 to 4 weeks' time.
4. Always follow Stop Loss.
Tweets are for educational purposes, Not recommending anything to anyone. Just watch levels. Levels are in CASH. Buy or sell calls will be only triggered above the mentioned levels. Just Follow levels.
AMBUJA CEMENTS : Risk/Reward 1: 5AMBUJACEM Entry at 210.65
Stop-loss 215
Target 189
Risk/Reward 1: 5
Risk 1.90% Reward 10%
I'm a risk-reward maniac, and I am willing to sacrifice my accuracy over high reward. I am following Higher Time frame trends and buying pullback and selling rallies on the daily chart. So my small stop-losses are going to hit more often than my targets.
I learned in a hard way that it's not trading accuracy that matters.
It's doesn't matter how many times you are right and how many times you are wrong.
What matters is how much you lose when you are wrong and how much you gain when you are right. It's all about money in the end.
BUY AMBUJA @206AMBUJA has come out of the falling channel
has made a higher high - higher low pattern
looks like a good buy @206
Ambuja cement positive above 206.4As per trendline breakout. For more details watch "TECHNICAL ANALYSIS WORLD " on YouTube
