AMBUJACEM trade ideas
Ambujacem shorting (intrday @ 197.4-197.5)Shorting @ 197.4-197.5 (pullback/bounce)
SL: 198.5 (only 1.5 points)
Tgt: 196 or lower
This is a very short target trade - I am more into option writing for today since its expiry day.
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels,
please do your own research before entering.
AMBUJACEM - 207 rock solid like the instrument ticker 175-187 Buy zone
SL 169
Target T1 196 T2 207
This baby looks good to long with size considering it consolidated enough and ready to pump some more . Reclaiming the long term trend line looks really doubtful also the 200 day most likely resistance will be like Ambuja Cement :) strong!!
Good to intra day on 4hrs charts till trend is reversed.
LTF 50 day has crossed 100day so just another confirmation of my idea !
AMBUJA CEMENTS | Price Action AnalysisThe price is currently in a side trend and a long term uptrend. Looking more likely to continue to move upwards upon breaking the key trend. We already see the volume above its 20-period average and likely to continue with the momentum.
Next key level at 174.05
Thank you for reading, hope you have a green day
Flag pattern : Ambuja Cements LTDI joined some Telegram group Which give Buy & Sell Calls there I saw Sell Call for NSE:AMBUJACEM .
So I looked at chart to know to understand.
First I saw Heiken-ashi Which is showing Two Green Candle without tails so it should indicate the Bullish trend ahead.
But then Noticed a Flag Pattern also.
I am Not sure now but i think stock should go down around 60 points.
I am not good at finding Targets so please suggest at what price should we short & what should be stop loss.
Correct me if made any mistake as i am here to learn & grow.
Give Suggestion i love to Read comments.
