Possible BreakoutLooks good above 216.50 for 218/221/223. We can see breakout from ascending triangle. Looking to form W pattern.
AMBUJACEM trade ideas
Short ( Side way pattern ) One of the most complex pattern are side ways pattern , they tricky to retail traders but not for most trained analyst ,
this scrip is heading in the side ways move and it has move left in it form the current Price
The move within structure can be considered for initial trade entry/ Exit prices
the larger pitcher is its time consuming pattern ,
One can look for short selling opportunity and look to book on trailing stop basis
Intraday Trade Setup for 17th JulyBuy Ambuja Cement @ 217.75
Stop Loss @ 216.55
Target @ 220.15
For More Details Call/WhatsApp @ 9985249018
Ambuja Cement is good for short if did not sustain Red LineAmbuja Cement can be good short if it did not sustain Red Line.
Big W Pattern The Stock has formed big W pattern which is the opposite of big M posted today. We can observe that RSI is showing Divergence One can trade the stock in the following manner :-
Entry current Price 214
SL 207 or below of 204 (Closing) depending upon the risk you want take in this trade
Target 235
Risk/Reward Ratio 3.5
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Ambuja cement Morning Setup - T1 achievedAmbuja Cement is moving to different targets
The targes are actually the intermediate support/resistance.
Our T1 already achived.
T1 - 212
T2 - 208
T3-205
Understanding :
When we observed Ambuja Cement yesterday, we found that it was on a resistance point.
How to know that it is a resistance point ? We see if it is trying more times to go above a point and if previously it did similar. If yes, we draw trend line.
Ok so we understood the resistance point. And thought if we could place a waiting order. Also we targeted our three targets which we expect it to achieve.
Why we set our targets, those will become trailing stoploss .
How we were able to set the target, we tried to understand the next resistances/support that it had got previous. Simply we have set our targets there.
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AMBUJA CEMENT - THE BIG PICTUREBuy ambuja @ the current levels
Both fundamentals and technical look attractive .........
Ambujacem IB long on PDH* Weekend high 3
* Sitting on 200MA support
* Highest put OI also at 220
* Long on Break of PDH with PDL as SL
AMBUJACEM Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
