AMBUJA CEMENTbreak the previous all time high. entry on 4h. looking good for swing trade. can hold half for positional target are good.
Ambujaanalysis
AMBUJA CEMENT for LONGAmbuja cement seems to go up from here
In a short time, the market will make a breakout in time, then a big target will appear on the upper side
If the downside also breaks down, a big SHORT target can be found below
AMBUJA CEMENTS | BULLISH BREAKOUT | 15% UPSIDE POTENTIALAmbuja Cements was consolidating in an ascending triangle pattern which is typically a bullish pattern.
The price broke out the ascending triangle and closed above the neckline on 22 May 2013.
It is expected that price may continue to move high.
Aggressive traders can enter at current market levels near 425, but the better entry point would be the retest of the broken neckline of ascending triangle which is around 415
Trade Execution plan as follows:-
Entry- 413-415
Stop Loss- Daily close below 394
Target - 487
Remember to keep booking partial profits and trail your stop loss.
Always follow Risk Management and Position Sizing.
Let me know in comments section if you want me to analyse any other Stock, Forex Pair or Commodity or Cryptocurrency.
{AMBUJACEMENT}:{READY TO TAKE OFF FOR ANOTHER 13% RISE}
Price has been in an Upmove since its reacted to a Weekly Demand formed @ 374.80 and the Opposite Resistance is @ 470.00
Yesterday Price made a new high of 412.00 and has retraced back into a 4H Potential Demand, When the proce reacts to Weekly Demands it forms 4H demands on its way towards the target, so we have one more chance to enter the Trade.
ENJOY THE RIDE ! ! !
AMBUJA CEMENT CAN SEE A VERY HIGH VOLATILE UPWARD MOVE!!!
Price is in Daily Demand with an amazing Risk Reward and support is from a Weekly Demand which is also a Valid Demand,
Hence can experience an extraordinary high volume in Buying!!!
ENjoy !!! CHeers !
AMBUJA CEMENTS LTD Analysis 04/03/2021as we can see the price is renege Bounding in an ascending Paralleled Chanel where as the Fibonacci Projection shows some confluences with the Top Red Trendline which is the long term trend line and can be used as a resistance area.
we can be optimistic about 1 TP , which is 161.8% i.e Extension Level of the same Fibonacci projection and if triggered and show some candle pattern and the resistance turned to Support, then we can target the 261.8% of the same which is 3TP
AMBUJA CEMENT Waiting for Price action Breakout above Resistance Trend line
All the key levels are mentioned in chart with Stop-loss and Targets
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
thats how i traded Shre Digvijay this is my personal analysis of a mid cap bullish stock
i am not joking i traded this stock multiple times the arrow of ups and downs most give the return of more then (20-30)% each time
i suggest you to have a look at the stock and follow your analysis
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thanks
