AMCEM trade ideas
View On AMBUJAref. chart
hear lot of pattern can created by market
1- 2T
2- 2B
3 - wolf wave
4 - Wedge
#AMBUJACEM CASH : LOOKS GOOD ABOVE 203.10 (MUST TRADE)#AMBUJACEM CASH (MUST TRADE)
19 FEB 2019
LOOKS GOOD ABOVE 203.10
STOPLOSS 199
TGT 205.50-206/208.50
CMP 199.60
AMBUJA CEMENTS can turn bearish if breaks trend line(blue)AMBUJA CEMENT can turn bearish if breaks trend line(blue)
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AMBUJACEM is available at FUTURES AND OPTIONS .
Short Continuation . Change in the view My view have changed with this scrip , not sure the further rally is possible , Now i am looking this could continue the same trend till 167 ,
ShortShort Ambuja Cement
Cmp - 204.40 -206
Traget - 203.75 - 202.50 - 201.50 ''
Note - all levels are for educational purpose please analyse before taking position
Long This one has one more move up left , we are in side ways correction , usually this kind of structure appear at last of the trend ,
It also indicates the trend so far has come down its about to end
Side ways correction occur during the start of new trend ( when market will change its direction form preceding trend )
any strong reversal one can look for Go long for next move up with trailing stop
Sell in Futures Once price brakes the low of current candle one can look for short selling and cover near the forecast
AMBUJACEM* Down trending trend line, rejection of breakout with shooting star and confirmation bearish candle.
* RSI and STOCH are showing negative crossover.
* CMP 220.70 SL 232 Trg 1st- 200, 2nd- 189 (Risk:Reward=1:2.5)
