{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 ! ! !
Ambujacementoptions
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