#AMB/USDT Ready to go higher#AMB
The price is moving in a descending channel on the 30-minute frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 0.00688
We have a downtrend on the RSI indicator that is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.00700
First target 0.00721
Second target 0.00736
Third target 0.00754
Ambujacement
Beginning of a DUOPOLY - Great OpportunityUltratech cement has approved an acquisition of 8.69% stake in Star cement for Rs 851 crore. As mentioned earlier in my post of August 26 that their is a possible chance of creation of duopoly in the cement sector after Adani's entrance in the sector it has been adamant after looking to the aggressive acquisitions made by Ultratech and Adani group. Till now Ultratech cement has taken stakes in Kesoram industries, India cements and Star cement while Adani Group has taken stakes in Ambuja, ACC, Sanghi Industries, Penna Cement and Orient Cement. As we know that Greenfield projects are limited due to limited natural resources, production capacity can only be increased and dominance can be maintained by acquiring small companies. Because of this tug of war share prices of small companies have surged significantly. Star cement has given a return of 40% in 2024. It's present capacity is 7.7 MTPA and plans to increase the capacity to 25 MTPA by 2030. Cement sector is going to be exciting in the coming years. Do keep a track and be updated about the sector.
#AMB/USDT#AMB
The price is moving in a downward channel on the 4-hour frame upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have a downward trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 0.00545
Entry price 0.00600
First target 0.00666
Second target 0.00716
Third target 0.00772
#AMB/USDT#AMB
We have a great head and shoulders model almost complete.
We are now at the right shoulder of the pattern that must be completed first before going up.
We expect a decline to complete the pattern before completing the rise
Entry price is 0.0066
First target 0.00736
Second target 0.00780
Third goal 0.00818
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 CEMENTS | BULLISH BREAKOUT | 15% UPSIDE POTENTIALAmbuja Cements was consolidating in an ascending triangle pattern which is typically a bullish pattern.
The price broke out the ascending triangle and closed above the neckline on 22 May 2013.
It is expected that price may continue to move high.
Aggressive traders can enter at current market levels near 425, but the better entry point would be the retest of the broken neckline of ascending triangle which is around 415
Trade Execution plan as follows:-
Entry- 413-415
Stop Loss- Daily close below 394
Target - 487
Remember to keep booking partial profits and trail your stop loss.
Always follow Risk Management and Position Sizing.
Let me know in comments section if you want me to analyse any other Stock, Forex Pair or Commodity or Cryptocurrency.
#AMBUJACEM... looking good 15.05.23#AMBUJACEM... ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
{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 ! ! !
Ambuja Cement This stock has completed 4th wave on daily time frame, and now possibly we are in 5th wave, once resistance trendline is broken then it would be a good trigger point to go long, stock had reached that trendline and currently trying to break, once it's broken, then bulls can take charge, also trend indicators and wave counts are suggesting to go long.
Overall wave structure on daily time frame
Macd in daily positive crossover and Uptick and also above zero line
Macd in weekly positive crossover and Uptick and also above zero line
RSI trendline breakout on daily time frame, uptick and also above 60
Price pushing upper bollinger band to open more upside
RK's Mass psychological Cloud buy activated
Dmi adx also positive on daily time frame
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
Ambuja Cements eyes Rs. 400 Ambuja cement daily chart shows:
1. Firm close above the 61.8% fib retracement hurdle, the so-called golden ratio, marking a bullish follow-through to the symmetrical triangle breakout confirmed at the end of June.
2. Price well above the Ichimoku cloud.
3. 5-day moving average beginning to trend up.
Further, monthly chart shows 5,10SMA bull cross.
The stock appears on track to test descending trendline resistance around Rs. 400.
Trade: Buy around 380 target 400 stops under 375