This 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
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...
Study purpose Can try long with light quantity at these levels
Look For buy conformation (Engulf \ Pin bar) in The Mentioned Area Hit Like ! keep Supporting !
BUY AMBUJA CEMENT @223-22219 TGT 231 Cross over on TK + MACD + good volume buy so its intraday TGT.
NSE:AMBUJACEM AMBUJACEM on weekly is strong enough to consider it for long term. Price and Volume Favourable.
Intraday Cash Buy AMBUJACEM @193.40-194.4 SL 191.1 TGT 199.5 GOOD VOLUME and bullish chart pattern followed by TK cross over.
Open position Strategy Gap down Long @ 146/148 , T1-152 , T2- 154 Gap up Short @ 164 more @ 161.3, T1-160, T2-157 Between Pivot & R1 Long @ 156, T1-159 T2-161.3 Between Pivot & R2 Short below 154.5, T1-152 T2-Nil (High risk of reversal)
Hello all, Ambuja is currently under in pennant pattern which is a bullish breakout pattern. Confirmation level is above than 225.
Currently It is trading in oversold territory, wait for technical indication of oversold zone if planning to trade.
BUY AT CMP(238). SL-- WEEKLY CLOSE BELOW EMA(100) OR AT PRICE 225. TP-- 266. RRR-- 1.87
Ambuja Cement is making Bullish Gartley and probable CD leg is unfolding. Keeping below 251, Ambuja Cement may dip till 230 in coming sessions.