Ambujacement
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
H&S pattern formation Ambuja Cement.The chart is itself explanatory.
Ambuja cement testing its dynamic support as well as it is near to give head and shoulder breakout.
Keep a close eye on Ambuja cement if the breakout happens and it stays below 387 then we can see more weakness.
and price can drag up to 347-40
Happy Trading.
Ambuja Cements BreakoutThe stock has broken out and retested, so it may undergo a rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the previously upper and lower trendline. The target is placed based on fundamentals and near swing high.
Ambuja Cements Short Term Breakout TradeThe stock has broken-out and retested which may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 1:1
SL is placed below support zone , 200 EMA & the lower trendline. The target is placed based on fundamentals.
AMBUJA CEMENTS: Cement sector stock-1Sl-265
Stocks for the week-4
Hello everyone, this week we are going to invest in many different sectors.
One of which is CEMENT SECTOR(from infrastructure sector).
I will be posting best stocks of cement sector and the % allocation that stock should take in your portfolio.
STOCKS ALLOCATIONS
Stock 1: AMBUJA CEMENTS LTD 25%
Stock 2: ACC LTD 15%
Stock 3: INDIA CEMENTS 15%
Stock 4: JK LAKSHMI CEMENT 15%
Stock 5: SANGHI INDUSTRIES 10%
Stock 6: GUJARAT SIDHEE CEM 15%
Stock 7: BURNPUR CEMENT LTD 05% (penny stock)
So folks feel free to DM or comment.
AMBUJA CEMENT - Intraday/Very short term swingThis analysis is purely based on price action.
Trade Strategy is explained in image itself. The analysis is done on 15min TF, hence can get completed in one day to couple of days
Keep trailing SL accordingly once in trade
Trade at your own risk and money management
Feel free to comment for any queries & suggestions
Buy Opportunity in AMBUJACEM (Swing/Positional)This analysis is purely based in Price Action.
On Monthly Charts,
we can see that price has tested its ALL-TIME High thrice. After recent reversal from its Life-time High, price has taken support at a crucial level of 0.618 Fibo Level (If we draw Fibo from its 42.75 level to its life time high). From that level, it has shown a good reversal by forming BULLISH-HARAMI pattern. It can also be seen moving in a downward channel pattern after its fall from Life-time high.
On Weekly Charts,
It gave good breakout with volume confirmation and came down for re-testing the support. Previous to breakout, the upper end of channel was its resistance but after the breakout happened, it worked as a support for price. Retesting candle gave closing above that support which shows that chances of breakout sustaining as high.
Trading Strategy -
Entry can be made above the high of this week's candle (marked in the image).
SL can be either below the low of this week's candle or below the low of re-testing candle.
Targets are marked in the image.
SL needs to be trailed accordingly