AMBUJACEM trade ideas
Long - Weekly out look I am looking this will have one more drop and possible reversal for up side move ,
One can let this down move complete and look for buy set up and book near the forecast
A STUDY ON AMBUJA CEMENTSAmbuja cements is broadly moving in the range between 183 to 225
But presently there is a sudden down move from 210 High..
How to know whether it is part of a corrective move or is it an impulsive move ??
How to know whether the present down move from 210 is an impulsive move or a corrective move ??
To know that we have to check the previous upmove from 183 TO 210
If you look closely , it took 35 trading days to move from 183 to 210
After that the Down move started
Now if we have to call the next move as impulsive , we have to break the previous low (183) , within 20 trading days (half of the previous)
Presently it is @ 196 and till now it has taken six trading days
Can it break 183 ??
Let us wait and watch
If you ask me , it looks like a corrective wave and is a good buying opportunity in the range of 183 to 190.
Short Ambujacem SL-200.70.Trade is reversible in itself if SL hit means to reverse the trade without any doubt if SL hit
Long - Weekly out look I am looking this will have one more drop and possible reversal for up side move ,
One can let this down move complete and look for buy set up and book near the forecast
MOMENTUM TRADE IN AMBUJACEM !!(DEC FUT)!!MOMENTUM TRADE IN AMBUJA
VIEW
-BROKE OUT OF SYSMMETRICAL PATTERN
-RETEST THE BREAK-OUT LEVELS WITH A PULLBACK
-ABOVE CRUCIAL RESISTANCE
-RISE IN OI + RISE IN PRICE
CHECK THE PREVIOUS IDEA
TRADE VIEW
DEC FUT
BUY@205
STOP@200
TARGET 1@210
TARGET 2@213
LOT:2500
QTY:2
MOMENTUM TRADE IN AMBUJA CEMENT !!(DECFUT)!!MOMENTUM TRADE IN AMBUJA CEMENT
DEC FUT
VIEW:-
-RISE IN PRICE+RISE IN OI
-BREAKING OUT OF SYMMETRICAL PATTERN
-MOMENTUM STRATEGY APPLIED
TRADE VIEW:-
DEC FUT
BUY@205.5
STOP@202.5
TARGET@209
LOT:2500
QTY:2
AMBUJACEM = SHORTNSE:AMBUJACEM IS IN CORRECTION MODE AND GOING DOWN TO 195-190 AREA. Do your research before taking position.
AMBUJACEM, NR7 day AMBUJACEM is trading in close range for past 6 trading session, making it probable for NR7 strategy. Should be kept in watchlist for tomorrow. Also stock in trading in triangle pattern for past 2 weeks. Any breakout also supported with NR7 should bring good trading opportunity.
Pattern Breakout Ambuja Cements gives a nice trend line breakout & near to Cup & Handle breakoutwe can see some good move above 202.40
SHORT AMBUJA CEMENTSSYMMETRICAL TRIANGLE FORMATION AFTER A LONG BEARISH CANDLE
SEE CHART
THIS IS A CONTINUATION PATTERN IN THIS SETUP
