AMBUJA CEMENTS ON 15 MINSWe posted this analysis on April 1st. It went exactly we predicted. Price action is 🔥
AMCEM trade ideas
Stock Of this Quarter !! 04 April 2021 !!* Longer the Consolidation stronger the Breakout .
* 06 years Log consolidation breakout in monthly chart and also made big marubazu candle that gives more confident in bullish view .
Kindly Let us know if you have any question.
Ambuja CementsAmbuja Cements . CMP : 310.7
A rising edge pattern can be seen. Hidden negative divergence in RSI and price action. Close above 313 even on half hrly can be taken as stop loss. Tgt 298.
For a slightly medium term outlook, We can see if the elliot wave count holds. If on downside 295 is not broken then we move to wave 5.
AMBUJA CEMENTS Ambuja Cements (Intraday)
Buy above 305 (only if the 15 mints candle closes above 305)
Keep an eye on it -Ambuja CementBroken the Resistance from MAR 2015 and broken the channel.
Waiting for one Hour (1H) candle closing above 312 then enter the stock with SL - 270 and target 383.
Enter into the stock with your own risk management (my recommendation is to buy only 5 stocks if you are a beginner), it was just my idea regarding this stock.
AMBUJACEM ON 15 MINS CHARTAmbuja cement has been trading in a Rangebound market for a long period of time. Zoom in on higher time frame and we can look that every time when the price of the stock comes near resistance, there’s a good reversal happening. Historical data suggest that same might repeat again only if there’s a good volume. Also to check how much this trend can continue we used Fibonacci extension and we plotted that the 61.8% level and resistance level are around same price level. That means the reversal chances are still high.
If stock open flat or with gap down wait for reversals pattern formation for short trades.
AMBUJA CEMENTThis stock is been trading in a range of 280 to 200 since many years. Now it has given breakout of this range in monthly chart and closed above life time high of 291.5. it might be a good bet above 310. For educational purpose only. Kindly contact your financial advisor before entering any trade.
Ambuja CementBuy Ambuja above 311 for target 314, 315 with stop loss 308
Sell Ambuja below 305 for target 302, 300 with stoploss 308
Ambuja CementsAmbuja Cements CMP : 299
For very short term trend is up. It is making HL and HH. Keep SL 293 and keep holding. One red dotted line is broken we can see 306-308 levels.
when closes below the trend line and forms the candleshort acoordingly, target would be- 289.5 final target, do suggest your view. can also see head and shoulders pattern.
Ambuja Range BreakoutBuy Ambuja Cement At Cmp 294.9
Strict SL - 240 (WCB)
Target - 430++++
Best Buying Price To Accumulate - 288-280-272
AMBUJACEM buy signal at 246/240 , Broke its resistanceI will look at buying AMBUJACEM because :
Ambujacem has broken its major resistance.
It has high chances of reaching 290 levels .
It has broken the resistance and that resistance may act as support .
Entry : 246/240
Target : 270/290
Stop loss : 230
Ambuja CementBuy Ambuja Cement above 297 for target 299.5, 302, 305. Sell below 291 for target 288.5, 286, 284
