Traderanit

0.382 About to Break in Ambuja Cement_Sep Future

Long
Traderanit Updated   
NSE:AMBUJACEM1!   AMBUJA CEMENTS FUTURES
Ambuja Cement has bounced back from the lower channel and moved towards 0.382 Fibonacci retracements. One can go long if it crosses 211.30 with a stop loss at 206.60.
Trade active:
Price is about to touch 61.8% Fib Retracement, so one should trail their stop loss from 206.60 to 206.90 or as per their profit-taking appetite.

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