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Ambuja Cement - a Long OpportunityHi Folks! It took 68 days for Ambuja Cement to drop below 40% from its recent major high of 598. The company had issues with Truckers and being an Adani Group company affected its prices. The current price is at a solid discount level and usually such a drop is rare. If one is willing to wait the same 68 days or more, then this stock is very likely to recover back and worst-come-worst it is very probable for the stock to increase at least 8.25% from current level which is equal to Bank FD interest rate for which one has to wait for 365 days. So if it reaches 402 it would have given FD rate return! Based on your set-up, if you see other entry parameters being met, then you may want to consider taking a long position in this stock. Always look before you leap! PriceCatch
NSE:AMBUJACEMLong
by PriceCatch
Time for correction buyers double bottom formedTime for correction and this is the confirmation. True for that drop from 22$ down back to mid 19$ of course a short retrace and then now going to finish up the correction. If you bought the dip around $19.60 good hold it; if you haven’t buy it now before the pump occurs. this is what happens you see a double bottom confirmation in a same zone. Tell you why solana will hit 30-45$.. 26$ confirmed the breakout and then started to drop to do a retrace fib and now 22$ confirmation for breakout so now double bottom has been witness that means the bulls will go up even more. First target to hit is 22$ first and finish off the breakout; once that done then be on the way to 27-30$ If you think it’s a sell then please change mind because you can not miss with double bottom from the bulls. Trade safe good luck and watch any reversals even if too short or short; even if going long. Comments any I miss or your opinions because what I see is a solid buy , double bottom , bullish breakout confirmation. From 19$ we will see up to 30$ this month perhaps higher.
COINBASE:SOLUSDLong
by JoyBoyVegae
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