AMCEM trade ideas
Ambuja cement se jo bani haiThe stock is very close to its all time highs,I remain strongly bullish on cement stock and ambuja cement can be bought for a target of 348 with a stop loss of 313
AMBUJA CEMENTS - WATCHLISTAmbuja Cements has consolidated between 304 and 325 last week. It was between 300 and 330 a few weeks ago. So volatility seems to be contracting and this usually leads to a good move. If the volumes are above normal a buy can be initiated in the coming week above 325 odd levels.
ambujacem view for tomorrowNSE:AMBUJACEM
Shared the chart yesterday. It gave a breakout from the channel and is moving higher by respecting the trendline.
I am still holding this for tomorrow. If i am not getting a good opening or the trendline is broken on the 1st 1hr i will be exiting my postion.
its making a morning star pattern at the trendline on 15min timeframe which is a bullish reversal set up.
AMBUJA CEMENTS, Uptrend over ?Ambuja Cements as on 19/5/21
Overall Trend: Upward
Currently trading in an upward channel range.
Current situation: Behaving like in sideways trend
RSI: 59
MACD: Not indicating clear signal
Current Horizontal Resistance level: Around 318 price levels
Note: According to a single candlestick pattern, A hanging man is formed in an upward trend with a high volume and current stock prices also seem to be at a horizontal resistance level.
Analysis:-
1. Since hanging man is formed, so it might be a trend reversal signal, so wait till the lower trend line is broken with heavy volume before entering in a short position.
2. Since a heavy investment is done today in Ambuja cement, it may be a possibility that stock resumes its upward journey so wait for the price to close above the horizontal resistance with volume before going long.
Ambuja Cement Majbut Lag rahaAscending channel pattern breakout soon new level can be seen all marking on chart done
open for discussion
dont forget to increase repo pls
REAL OR FAKE BULLISHNESS AMBUJACEMTHE ONLY CONCERN IS VOLUMES ARE NOT BIG SO THAT WE CAN SAY BREAKOUT HAPPENED WAIT FOR TOMORROW
long run!.....simple structures are more profitable than complex ones...
monthly time frame main resistance taken out, it may consolidate for some time and can start moving higher...
Ambuja Cement | Analysis Review | Still intact See previous analysis for details on this. this is just an update that this trade is still in no trading zone and ready to be activated
Ambuja Cement ready to roll Buy on 1hr chart if u want an early entry but a safer bet would be on the D chart with RSI above 62 only for no divergence pattern ......
Happy trading :)
Can buy Ambuja Cements Ltd (NSE Cash)Can buy Ambuja Cements Ltd (NSE Cash)
LTP: 312.10
Support: 303.80
Resistance: 319.85 / 326.00
Ambuja Monthly BreakoutAmbuja cement has given a breakout on March monthly candle and retested on April candle. Looks good for long entry with SL below the breakout candle.
A good positional opportunitygive this a try . even if it hits SL its worth giving a try . provided the risk to reward looks good
AMBUJACEM 1W TF Ascending trendline intact.
Price Volume Breakout at 6 year's old resistance+ Retracement.
Sustaining above 287; Can further yield 330+.
Ambuja Cement to take long entryLong Ambuja between 310-315 TGT 340 SL 303 . Good rounding pattern formation seen in the stock. Good risk to reward trade. This is for your educational purpose only.
