MOMENTUM TRADE IN AMBUJA
VIEW
-BROKE OUT OF SYSMMETRICAL PATTERN
-RETEST THE BREAK-OUT LEVELS WITH A PULLBACK
-ABOVE CRUCIAL RESISTANCE
-RISE IN OI + RISE IN PRICE
CHECK THE PREVIOUS IDEA
TRADE VIEW
DEC FUT
BUY@205
STOP@200
TARGET 1@210
TARGET 2@213
LOT:2500
QTY:2
MOMENTUM TRADE IN AMBUJA CEMENT
DEC FUT
VIEW:-
-RISE IN PRICE+RISE IN OI
-BREAKING OUT OF SYMMETRICAL PATTERN
-MOMENTUM STRATEGY APPLIED
TRADE VIEW:-
DEC FUT
BUY@205.5
STOP@202.5
TARGET@209
LOT:2500
QTY:2
I am looking this will have one more drop and possible reversal for up side move ,
One can let this down move complete and look for buy set up and book near the forecast
I am looking this will have one more drop and possible reversal for up side move ,
One can let this down move complete and look for buy set up and book near the forecast
AMBUJACEM is trading in close range for past 6 trading session, making it probable for NR7 strategy. Should be kept in watchlist for tomorrow. Also stock in trading in triangle pattern for past 2 weeks. Any breakout also supported with NR7 should bring good trading opportunity.
Ambuja Cements Limited is an India-based holding company, which is engaged in the manufacture of clinkers and cement. The Company operates through Cement and cement related products segment. The Company has a range of products for the business to business and retail markets. The Company's product, Ambuja Plus Roof Special, is suited for constructing roofs and slabs. It also offers install rooftop rainwater harvesting technology. Its products also include Ambuja Powercem, which caters the ready-mix (RMX) sector; Ambuja Railcem, which is designed for railways, and Ambuja Buildcem, which serves the requirements of the mass housing segment. The Company also co-owns two brands in micro materials category. These include Alccofine, which includes a range of micro slag materials, and Dirk Pozzocrete, which includes superfine fly ash. Alccofine Micro Materials are used in construction projects, such as metro rail, dams, roads, flyovers, bridges and tunnels.
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AMBUJACEM
![AMBUJACEM: [3bb] Ambuja Cement Short Trade](https://s3.tradingview.com/6/60hRnZV9_mid.png "[3bb] Ambuja Cement Short Trade")
