Feels like Ambuja cement has completed 2 waves of major trend If this is the 3rd impulse wave structure, we can see a sub wave (impulse) in it. Have a look at the RSI and volume in hourly chart. Buy zone :495-500 SL zone:465 levels Final target for this wave is 645.But depends on how we manage the trade.
Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.