AMBUJA CEMENTS LTD NSE:​AMBUJACEM

Hi All , No naked put/call buy sell , manage risk . Classic text book divergence shown on chart. expecting move above to 240 , stop loss of 205 Buy 220 April call , 1 lot Sell 240 April call , 1 lot or Buy April call 230 , 2 lot Buy April 220 put , 1 lot Don't want the march series if it goes sideways, we will get Theta thrashing.

....Levels mentioned in the chart

ref. chart hear lot of pattern can created by market 1- 2T 2- 2B 3 - wolf wave 4 - Wedge

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 ,

If break 225 next lvl is 221/218.

Levels mentioned in the chart!

Analysis on Chart

For Education

Ambuja Cements is near to its 52 week high, stock looks bullish but there must be some consolidation before move from the current level because RSI is at overbought zone, shooting star formed in one hour chart at the end of the session and among all the stocks which are in overbought zone, Ambuja cements is the only one stock which OI has decreased huge.

Ambuja cement was in downtrend since October 2017 and now it has given breakout and ready to given an upmove. Potential targets are mentioned over chart. Other Technical indicator also giving uptrend signal. Money flow Index has crossed the 20 line and indicated the uptrend . Weighted moving average has also given cross over. All technical indicator are...

long

NO NEED TO EXPLAIN

Check out the double bottom formation. Formed a double bottom at 197.8 One can trade with a long position over the breakout level of 213 for a target of 233. Stop loss is 209.

AMBUJA CEMENTS LTD Long

#AMBUJACEM CASH (MUST TRADE) 19 FEB 2019 LOOKS GOOD ABOVE 203.10 STOPLOSS 199 TGT 205.50-206/208.50 CMP 199.60

LEVELS ON CHART B = BUY ABOVE S = SELL BELOW T = TARGET BOOK 70% ON FIRST TARGET REST TRAIL

AMBUJA CEMENT can turn bearish if breaks trend line(blue) Follow NEVADA_TRADING to get notification at e mail - for all new Trading idea's AMBUJACEM is available at FUTURES AND OPTIONS .

heading 189 sl 199