Short opportunity in AMBUJACEMIf close below 185.50 then I am looking for Rs. 135 target in the near future.
AMCEM trade ideas
POSITIONAL LONG CASHambuja bounced from strong support zone as per my reading it cat hit 215,,,220
I'll buy at cmp 192,,,SL 184
End of wave 4 & Start of Wave 5 This price action indicates the price is moving in side ways basis , once it made a formally top then it started correction in side way pattern
One can easily understand its not moving in deep price correction , all correction suggests , its about to end its wave 4 and will high likely start moving towards
immediate forecast of wave 5 ,
One can look for entering on reversal candle formation on weekly basis and look to be in the trend till it makes its last push towards the forecast target
AMBUJACEM on strong support lineAmbuja cement price is close to a strong support line. There is high chance of bounce back to the upper trend line. Great opportunity for a 15% gain.
AMBUJACEM LONGTrend is in Sideways and based on pattern analysis if price drops to 198.5 then a long position can be taken with possible target of 217
DISCLAIMER : All the articles posted are for analysis purpose only , any trade taken shall be under your own analysis and risk
AMBUJA CEMENTSRaising Wedge Pattern Formed.
Analysis:There are 3 different Possibilities as below.
Case-1:
Buy above 203.9
can go For Longs
Targets are 204.9,206.25,207.5,211.45,212.1++
SL-199.5
Case-2:
It may fall From CMP till 195.9 and due to support there can be PRZ From 195.9 to 205.05.
Case-3:
It may Fall From CMP till 186.85 in coming days.
AMBUJA CEMENTS SHORT ( POSITIONAL )AMBUJA CEMENTS SHORT ENTRY 200.15 , STOP- LOSS 203.70 , TARGET PRICE 193.
NOTE : CONSULT YOUR TRADING ADVISER BEFORE TAKING ANY TRADING DECISION.
'Giant Compressive Strength " Mkts mocking AMBUJA TaglineLooks good to the down side
Moving like clockwork
Haribol!
Complete analysis of Ambuja cements on Multiple time framei shall try to analyze Ambuja cements on Weekly , daily and 4 hourly chart
On the weekly chart shown above ,Inferences are
1) The weekly trend is down (with potential break down below 189)
2) The potential supports on Weekly chart is shown & has a powerful support at 189-195 levels (dotted lines)
Ambuja cem SEP:)Please like and follow to get more updates ideas..
Levels are mentioned on the chart..
Know your own risk before invest.This is just my idea not an investment advise..
AMBUJA CEMENTHammer Formed @DownTrend
Buy above 203.35
Targets are 204.9,206.25,206.75,211.45,212.1,214,215.2,216.6
SL-202.3
AMBUJA CEMAMBUJA CEM IS TRADING 20L VOLUME AND 40% DELIVERY.
WHEN THE PRICE TRADES ABOVE THE RESISTANCE AT 215, NEXT TARGET CAN BE 220 / 224 LVL.
WAIT FOR TRADING ABOVE THIS LINE.
Could Fire UpLooks good above 211 for 218 and above. Recent trend is UP so we can enter with confirmation.
BUY AMBUJA @ CURRENT LEVELS - EXPECT PROFIT OF 10 % IN 1 MONTHSAs shown in the chart,
Reasons for buy @201
1) Divergence
2) touching the low of the value box shown
3) other reasons - elliott wave pattern
Stop loss - 180
expected Target - 222
Time frame 1 month
Disclosure -
I have personally invested in this stock @ current levels
So i may be biased for long
please do your own analysis
