Ambujacement
AMBUJACEM intraday strategy - 3rd April 2020Open position Strategy
Gap down Long @ 146/148 , T1-152 , T2- 154
Gap up Short @ 164 more @ 161.3, T1-160, T2-157
Between Pivot & R1 Long @ 156, T1-159 T2-161.3
Between Pivot & R2 Short below 154.5, T1-152 T2-Nil (High risk of reversal)
AMBUJA CEMENT FORMING PENNANT PATTERNHello all,
Ambuja is currently under in pennant pattern which is a bullish breakout pattern. Confirmation level is above than 225.
Ambuja Cement on Head & Shouler breakoutCurrently It is trading in oversold territory, wait for technical indication of oversold zone if planning to trade.
AMBUJACEMENT(BSE) BREAKING ABOVE ALL BONDS..!! TIME TO BUYBUY AT CMP(238).
SL-- WEEKLY CLOSE BELOW EMA(100) OR AT PRICE 225.
TP-- 266.
RRR-- 1.87
Ambuja Cement - may see some correction before making new highsAmbuja Cement is making Bullish Gartley and probable CD leg is unfolding.
Keeping below 251, Ambuja Cement may dip till 230 in coming sessions.
