AMCEM trade ideas
AMBUJACEMNSE:AMBUJACEM
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Ambuja Cements - Elliott wave countAmbuja Cements - Elliott wave count
According to market analysis, Ambuja Cements is currently experiencing the fourth wave of C. After this wave, there may be a substantial downward trend towards the 300 range. investors to consider this information when making decisions about their investments in Ambuja Cements.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:AMBUJACEM BSE:AMBUJACEM NSE:AMBUJACEM1!
Ambuja Cement We are retracing the fall from 598 to 315. So far the stock has sucessfully attempted to reach the 0.618 retracement level of 490. The rise form the lows near 315 is observed to be implusive with wave 1 been leading diagonal.
The corrective waves are in progression with immediate resistance at 456 and support at 420 levels.
Directional movement indicator clearly show the absence of trend. The DMI+ has recently crossed the DMI- with the pick up in the price however the ADX isn't supporting the upward movement.
Falling Wedge Pattern Reversal in AMBUJACEMAMBUJA CEMENT LTD
Key highlights: ๐กโก
๐On 1Day Time Frame Stock Showing Reversal of Falling Wedge Pattern.
๐ It can give movement upto the Reversal target of Above 440+.
๐There have chances of Breakout of Resistance level too.
๐ After Breakout of Resistance level this stock can gives strong upside rally upto above 485+.
๐ Can Go Long in this stock by placing stop loss below 400- or last swing Low.
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Prepare to witness a construction of opportunity as AMBUJACEM forms a bullish symmetrical triangle pattern, paving the way for an enticing 1:5 risk-to-reward ratio. ๐๐ฐ
Calling all traders! ๐๏ธ This breakout potential could be your path to substantial portfolio growth. Dive into our comprehensive analysis and expert insights to make the most of this promising setup. ๐ก๐
๐ Now, let's demystify the symmetrical triangle pattern in simple terms: Picture a series of peaks and troughs on a stock chart that form two converging trendlines. This pattern resembles a triangle, with the price moving closer to a breakout point. When it breaks out of this triangle, it's like the gates opening to new possibilities.
โณ Timing is everything! Position yourself strategically to maximize profits as AMBUJACEM readies itself for this symmetrical triangle breakout. Join us on this exciting journey toward financial success in the dynamic world of stock trading. ๐๐ธ๐
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ambuja cement patterns are never accurate but if we consider it as a flag and pole pattern there are chances it can touch these levels let it confirm it is like a wedge narrowing at the end if it sustains the level of 413 and move further up then it's the confirmation and those who missed the rally may enter but after your analysis, this is not a recommendation.
all this is done in a 4-hour time frame.
As you can clearly see the divergence in rsi also whenever rsi shows divergence against the chart it is likely that the trend will change but always see divergence on higher time frame
long bullish till 535...after 535..above sustain weekly candle then go for long
bove 595 safe for next target
target 744, 896
535 level ..above 535 if market not sustain in weekly candle then
it will make sell formation
if fall then buying zone at 136
not possible at this time wait this level on only market crash..