Current scenario - Ambuja Cement

The Trendline from the high acted today and stock reacted along with nifty and fell back to the support zone . For a low risk trade, wait for an impulse on the upside and break of the trendline, As nifty has turned negative with an impulsive move. Better to take precautions while entering long trade in stocks, as most of these could be fake moves.
Comment: Playing in a very tight range, buy not triggered, as broke the support today and bounced off another low in the same area, big move can be expected going ahead, enter only when you see an impulsive move,and the break of the trendline.
Order cancelled: The Trenline was broken on the downside, trade not triggerred.


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