Day chart of Ambuja cement
stock consolidate from last 7 days in 554 - 575 if this stock give breakout anyside then it can give a momentum
In downside trednline is act as a support zone
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AMBUJACEM
It has broken the neck of triple top on bigger timeframe and
in 15 min it has also broken "Ascending Triangle".
So now wait for "ABC correction" in 5 min candle and on "Breakout of...
Ambuja cement create a tea cup handle like pattern in daily TF and break neckline of cup.
Price come near to neckline for supply check .
Go long for ambuja cement 📈
Cup and Handle Breakout Pattern in AMBUJACEM
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 8-10% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days...
AMBUJA CEMENT - Update
Posted on 446. Gave a massive rally.
Currently, forming a rounding bottom.
A daily close above 580, will invite another 30% target.
Maintain 8% SL.
Ambuja cement broke out of ascending triangle pattern with good volumes also happens to b multiple resistance zone.
Could be bought with mentioned stoploss & target
Ambuja Cements chart
Daily Timeframe
RS (55 days) is positive and its breaking out 0.4 value. Can go till 0.8-1.
RS above 63 EMA also.
Immediate Target is recent high.
Ambuja cement is going to fall near about 17% and the stop loss is near to 1% only.
Best time to get the maximum reward.
These types of moves generally come to notice with the ELLIOTT WAVE THEORY, as in this case:
Ambuja cement from its high made wave A sharp and wave B triangle. Wave C is about to come, and if we see wave C near about equal to wave A, the...
Though the market seems high still i want to bet on Sell for Ambja Cement as it as touched its 500 resistance multiple times, and it seems it will break a candle pattern
