Ambuja Cement is making Bullish Gartley and probable CD leg is unfolding.
Keeping below 251, Ambuja Cement may dip till 230 in coming sessions.
GREEN TARGET RED LIE SL
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nice triangle on progress
Ambuja Cement has formed and triggered +WW.
It can be bought with:
Stop 248 - Hour closing basis
Tgts 256 / 264
Bullish WW has formed and triggered at 251. Keeping stop at 248, it can tgt for 260/65
completed an abc correction and at present in demand zone
Ambhuja Cement : Buy on break out for a target of 286 and 291
Ambuja cement has very strong resistance at 278 Price. The RSI is showing weakness while price making tripple top pattern. Risk Reward is highly favorable to go short with stop-loss of 280 and target price of 266
BUY AMBUJACEMENT AT POINT ABOVE 271
STOP LOSS : 270
TARGET TAKE PROFIT : 275
BUY ABOVE 272 STOP LOST : 270
TAKE PROFIT : 275
IMPORTANT NOTE : CLOSE THE TRADE ONCE REACH YOUR TARGET ....
The peak of the share had reached where its RSI is also above 80% and same levels were observed in last month July 2015. The same case will be repeated this time also.
Ambujacem - A potential Cypher pattern, Trendline resistance, Huge Divergence.
It can be a sweet short.
Rejection from RRL
BUY on Cards
Weak Below 216, Resistance 219, Support 213.90.