AMCEM trade ideas
BUYDAILY FINANCIAL WISDOM: "Beginning traders dream of wealth. True traders dream of consistency..."
Bullish WW in Ambuja CementAmbuja Cement has formed and triggered +WW.
It can be bought with:
Cmp 251
Stop 248 - Hour closing basis
Tgts 256 / 264
Ambuja Cement-1hr-Bullish WW-tgt 260/265Bullish WW has formed and triggered at 251. Keeping stop at 248, it can tgt for 260/65
Ambuja Cement showing weakness on shortterm Ambuja cement has very strong resistance at 278 Price. The RSI is showing weakness while price making tripple top pattern. Risk Reward is highly favorable to go short with stop-loss of 280 and target price of 266
AMBUJACEMENTBUY ABOVE 272 STOP LOST : 270
TAKE PROFIT : 275
IMPORTANT NOTE : CLOSE THE TRADE ONCE REACH YOUR TARGET ....
AmbujaCem with high RSI and RVI... May fall The peak of the share had reached where its RSI is also above 80% and same levels were observed in last month July 2015. The same case will be repeated this time also.
ambujacem ShortAmbujacem - A potential Cypher pattern, Trendline resistance, Huge Divergence.
It can be a sweet short.
Selling sentiment to continue after short covering in AmbujaAs we can see that prices are trading in lower channel and after short covering now prices is likely to take resistance of higher band again. Prices can be short with strict stop loss of higher band on closing basis and one should wait for the target of 215, breaking and sustaining below the same might trade lower to touch lower band to continue the channel
