With cotton prices havingspent the entire quarter on the higher side, ambika cotton could produce another good result..
After consolidating for sometime the stock could break out of this wedge above 2665. SL 2450.
The stock could move to the top of the channel which is around 3100/3200 if it were to catch momentum.
CMP - 2739
Can be look in to 2273 to 2343
Next Levels can be expected 3157
View will be negated below 1918
Disclaimer : This idea is only for education purpose, Pls consult your financial advisor
We are not Sebi registered.
Retweet and Like
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Either sell on initial stop loss hit or when closes below daily supertrend
After increasing quarterly sales by 31% and quarterly profits by 146% NSE:AMBIKCO given a gap up opening and ended near...
The share price of the stock has spiked 20 percent on February 4 to hit a fresh record high of Rs 2,760 on the National Stock Exchange after ace investor Vijay Kedia picked a 0.7 percent stake in the company. The stock has created a new high with huge volume creating a new Darvas box its time for us to enter
It can be considered for short to long-term trade
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
Now why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most...
it has formed double bottom on daily chart.
trading near trendline resistance line.
RSI is at previous swing high (60), but price has not crossed previous swing high. either stock can consolidate here or breakout in RSI can push stock price higher.
5 - 15 % rally possible here.
This is follow-up on Ambika Cotton Mills Limited (ACML). Can check link to related ideas.
Target 3 achieved. More than 88%. Target 4 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI...
Ambika Cotton Mills Ltd. engages in the manufacturing and selling cotton yarn catering to the needs of manufacturers of premium branded shirts and t-shirts. The company was founded on October 6, 1988 and is headquartered in Coimbatore, India.