Ambuja CementDaily RSI 16
Weekly RSI 30
Weekly closing shall be important
Stock shall be in bearish zone until and unless it settles above weekly RSI of 40
AMBUJACEM trade ideas
Ambuja CementIt would be important to see weekly RSI close
420 important support
Strong B noticed, this shall finish correction here
Waiting for RSI to give signal
intradayno trading zone marked
target marked
have both side potential
it can formed W pattern or it can break the previous low
follow your risk management
AMBUJA CEMENTPrice Is in a trading range and has given bounce at key support levels.
A Double bottom formation is in the progress.
Check video for more details.
Cheers,
priceNpedia
consolidation in small rangeambuja cement is consolidating in small range from last three days. it has potential for both side. follow your risk management .
timeframe : 15min
intraday
contra trade in Ambuja CementThis Adani group stock also have fallen hard but seeing past few months behavior of this stock it will reverse also sharply on first signs of market stabilizing. Can b around 473-475 with Sl at 443 for 30-35 Rs gains.
A Comprehensive Guide to Descending Triangle.NSE:AMBUJACEM
A reliable bearish trend continuation pattern is known as Descending Triangle.
This post will cover these questions:
1. What is Descending pattern?
2. How to identify Descending Triangle?
3. Pre-requisite of pattern formation.
4. Trading Tactics.
1.What is Descending pattern?
#The descending triangle is a bearish formation that usually forms a continuation pattern during a downtrend.
#Descending triangles also sometimes function as reversal patterns at the end of an up trend, but typically they
are continuation patterns.
#Descending triangles are bearish in nature.
The descending triangle pattern here indicates that the buyers are not as aggressive as the sellers, so the price continues to generate lower highs. This shows that the demand for related security is falling.
2. How to identify Descending Triangle?
(a.) Drawing trendlines.
The bottom horizontal line (support line) is formed by two or more almost equal price lows, while the descending
trend line (resistance line) is formed by two or more declining highs.
(b.) what are Base and apex?
-The base is the vertical line drawn from the flat support trendline to the starting point (Resistance line) of the descending trend.
-The point at which both converging lines meet is called the apex point.
-The breakout should happen around 2/3 size of the whole pattern.
3. Pre-requisite of pattern formation.
(a.) Existence of prior trend.
It is very important to identify the previous trend, an established prior trend should
exist cause it's a continuation pattern. look for the pattern in a downtrend with a forecast of breakdown
from the horizontal line.
(b.)Volume pattern
While the pattern is forming the volume diminishes.
volume declines as the pattern develop and the price swings back and forth between an increasingly narrow range of
lower highs and similar lows.
However, there is a noticeable expansion in volume when the downside break occurs.
(c.) Retracement Moves.
The chances of a retracement move are very less in this pattern.
After the breakout the price can move again towards the breakdown zone to test the validity of the breakout,
on breakout the support is broken and when the price retraces the support becomes resistance and the price start moving
in the breakout direction.
4. Trading Tactics.
The entry will be below the support level and use protective stop loss above important resistance level,
or it can be above 50% of pattern range.
Minimum Take profit is the projected Base Line.
Use position sizing according to your stoploss level.
Like this idea if you find it useful and please share with your friends.
Keep learning,
Happy trading.
Thankyou.
Ambuja Cement - VCPEntry - CMP
SL - below 504
1) Strong trending move on back of volume and range expansion
2) pullback and consolidation on decreasing volumes
3) breakout above consolidation zone
Ambuja cement - Low risk entryMark Minervini's VCP
1) strong upmove
2) volume expansion on upmove
3) volume contraction as price consolidated and moved lower, institutions are not selling
as weaker hands get absorbed, price is once again ready to head higher
entry - cmp
sl - 553
[POSITIONAL] AMBUJACEM LONG BET risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
=======
Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
********
AMBUJA CEMENT - Ascending Triangle PatternAmbuja cement formed a cup and handle pattern and price broke out of it after a retest and gained around 52 %.
Now the price is consolidating in a ascending triangle and we expect second round of upmove with price
target of around 25 %.
Cheers,
priceNpedia
AMBUJA CEMENT CUP AND HANDLE BREAKOUT AMBUJA cement is trying to breakout the cup and handle formation
Ambuja 587 ....with #ninjamokuCan we have 100 more here NinjaMoku is a trend following system based on ichimoku , helping you to take right entry & exits at Critical Time & Location in the trend. Ride The Trend with NinjaMoku !!!
Ambuja cements daily chart Ambuja cements daily chart has formed a text book cup and handle pattern (C&H pattern). High potential of massive Breakout in few days.
#ambujacemt cmp 582Stock is trading at 52 Week High levels
Currently, the price is consolidating near the Resistance level.
Forming a Cup & Handle Pattern.
Expecting breakout soon.
Can be added at CMP for positional trade.
AMBUJA CEMENTS - DAY CHART - 06.12.22 - BAHAVAN CAPITAL AMBUJA CEMENTS as per day chart analysis Stock ABOVE 585 TARGET 590.
As such the market is volatile with FII 635.35 Cr and DII 558.67 Cr being Net seller for Today (06.12.2022)
For all the followers and for those who have liked my ideas. I thank them for their support. And i will continue to post the charts.
No matter what who post the charts always analyze before your entry and exit.
Happy Profitable Trading to All...
Ambuja Cement - Cup and handle - BullishAmbuja Cement - Almost Bullish
1) Cup and Handle pattern is almost complete
2) The price has almost pierced the Supply zone
3) Super trend is buy
4) Price is trading over 50 DMA.
5) Cement stocks (commodity) cycle has turned positive.
Once 1) and 2) are completed the stock is headed for its Target of 701.
This analysis is for academic purpose only.
Ambuja Cement Daily TFAmbuja Cement looks good for long.
Crossing out of the box.
If sustains above the box we can expect a good move.
SL 497.
May give break out or breakdown. Only enter if there is volume. Keep it in your watchlist.
If give breakout ,
Stop loss should be 550 or 560 according to your risk appetite.
Target should be 1:2.
Take your own trade. I am not SEBI registered.
Short term 30day call on : AMBUJACEMonly after breakout . but if you want catch that breakout bullish candle then buy small quantity at CMP. but with strict SL.
AMBUJACEM CUP&HANDLEAMBUJACEM making C&H pattern on daily time frame.
Long only after closing of daily candle above resistance zone.
Trade as per your setup and price action.
Ambuja Cement: Cup and Handle is readyNSE:AMBUJACEM is showing:
A Cup and Handle formation with a good volume ready to be breakout
RSI is pretty well placed to just enter an overbought region. Good momemtum.
Trade: Buy above 582, SL: 575, T: 585/589
Sell below 580, SL: 585, T: 575/571.
