Good morning Friends , today we are going to talk about AMBICO stock looking good till it is above 1075 level can go for long and hopeful to see new highs. for detail please watch video.
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Stock is ready to broke trendline with volumes getting up .
It's currently trading above 50,100,200Moving averages.
Can enter some quantity here ,add when cross 981 and agrressive buy above 1064
DAILY SWING CALL // Monday 5th of April 2021 / NSE:AMBIKCO
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 878.25
TARGET: 1000+(15% Around)
There is a clear cut Breakout in Ambika cotton mill on weekly chart. 950 was the hurdle for this counter and this Friday's candle closed above this level with good volume. So, this is clear cut bullish sign.
1st Target :- 1200
2nd Target :- 1400
3rd Target :- 1600
Stop Loss :- 850 on closing basis.
Ambika Cotton Mills Ltd. engages in the manufacture of cotton yarn and fabrics. It operates through the Textiles, and Windmill segments. The company was founded on October 6, 1988 and is headquartered in Coimbatore, India.